ISM: U.S. Manufacturing Activity Contraction Slows, But Tariffs Continue to Bite

July 2, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Economic activity in U.S. manufacturing improved marginally in June, according to a survey by the Institute for Supply Management (ISM), but remains in contraction territory, as survey respondents indicated U.S. tariffs continue to roil the domestic manufacturing sector.