Due to a sharp decline in commercial aircraft orders, U.S. factory orders fell by 4.8% month-on-month in June

In June, new manufacturing orders in the United States fell by 4.8% month-on-month, mainly due to a significant decrease in commercial aircraft orders, reversing the strong rebound seen in May. Despite the decline in June, overall orders still grew by 3.8% compared to the same period last year. Manufacturing accounts for 10.2% of the U.S. GDP, and its development has been weakening in recent years, constrained by multiple factors, particularly the trade policies of the Trump administration, which have led to rising production costs and supply chain limitations. The manufacturing activity index fell to a nine-month low in July, indicating a weakening momentum in the manufacturing sector