(FILES) GMC Hummer EVs on an assembly line at he General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan. (Photo by MANDEL NGAN / AFP)
WASHINGTON: US factory activity slowed to a four-month low in November as higher prices because of tariffs on imports restrained demand, leading to a piling up of unsold goods that could hinder growth in the overall economy.
Relief for manufacturers is unlikely to come soon as the University of Michigan’s Surveys of Consumers separately showed last Friday a sharp drop in buying conditions for long-lasting manufactured goods.
