Data will show damage of tariffs, strong dollar on US goods exporters

The August report showed the manufacturing sector, which accounts for about 12% of the US economy, contracting in for the first time in 3-1/2 years, and more worryingly, its export component hit a more than 10-year low.

NEW YORK: It’s no longer a probability, it’s a reality: the escalating US-China trade war and the strengthening dollar appear to be inflicting measurable damage on US goods makers that rely on global markets.

Market participants will get a picture of the extent to which trade tensions and currency have hurt US manufacturers when the Institute for Supply Management (ISM) releases its purchasing managers index (PMI) for September on Tuesday.