The latest ISM-manufacturing report has economists and analysts concerned, with many describing it as one of the ugliest and most stagflationary reports in a long time. Joe Weisenthal, a well-known financial journalist, highlighted the concerning aspects of the report in a recent tweet.

According to Weisenthal, the Odd Lots newsletter covered the ISM-manufacturing report extensively, with a focus on the negative impact of tariffs. He pointed out that virtually all the comments regarding the report were complaints about tariffs, indicating that they are a major factor contributing to the current economic challenges.

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One of the key takeaways from the report is that the only categories showing any significant increase are prices and inventories. This is a worrying sign, as it suggests that businesses are struggling to maintain production levels while facing higher costs and growing inventories of unsold goods.

The ISM-manufacturing report is an important indicator of the health of the manufacturing sector in the United States. A decline in this index can signal a slowdown in economic growth and potentially lead to broader issues such as job losses and reduced consumer spending.

The current state of the manufacturing sector is particularly concerning given the broader economic challenges facing the country. The ongoing trade tensions with key trading partners, such as China, have led to increased costs for many businesses, making it difficult for them to remain competitive in the global market.

In addition to the impact of tariffs, businesses are also facing challenges related to supply chain disruptions, labor shortages, and rising input costs. These factors are contributing to the stagflationary conditions highlighted in the ISM-manufacturing report.

As policymakers and business leaders grapple with these challenges, it is important to consider potential solutions to address the underlying issues. This could involve revisiting trade policies, investing in workforce development, and implementing measures to support domestic manufacturing.

Overall, the latest ISM-manufacturing report paints a grim picture of the current state of the manufacturing sector in the United States. The data suggests that businesses are struggling to cope with a range of challenges, including tariffs, rising costs, and weak demand. Addressing these issues will be crucial to ensuring the long-term health and competitiveness of the manufacturing sector.

One of the ugliest, most stagflationary ISM-manufacturing reports we’ve seen in a long time.

Wrote about it for the Odd Lots newsletter. Virtually all the comments are complaining about tariffs, and the only categories that are going up are prices and inventories. pic.twitter.com/qmddNn37hM

— Joe Weisenthal (@TheStalwart) April 1, 2025

The recent ISM-manufacturing report has sent shockwaves through the financial world, with many experts calling it one of the ugliest and most stagflationary reports in a long time. The report, which was covered in the Odd Lots newsletter, has sparked a flurry of comments, with most of them focusing on the negative impact of tariffs on the economy. It’s clear from the data that prices and inventories are on the rise, painting a grim picture for the future.

The manufacturing sector is a crucial component of the economy, and any downturn in this sector can have far-reaching effects. The fact that virtually all the comments on the report are centered around tariffs is a clear indication of the impact that trade tensions are having on businesses. With prices and inventories both trending upwards, it’s evident that businesses are struggling to cope with the added costs and uncertainties brought about by tariffs.

The rise in prices can be particularly concerning for consumers, as it may lead to inflation and erode purchasing power. Businesses, on the other hand, are faced with the dilemma of whether to pass on these increased costs to consumers or absorb them themselves. Either way, it’s a challenging situation that can put a strain on profit margins and overall competitiveness.

Inventories are also a critical indicator of the health of the manufacturing sector. An increase in inventories can signal that demand is weakening, leading to an excess of unsold goods. This, in turn, can result in production cutbacks and layoffs, further exacerbating the economic slowdown. It’s a vicious cycle that can be difficult to break out of once it takes hold.

The comments on the report highlight the frustration and anxiety that many businesses are feeling in the current economic climate. Tariffs have added a layer of uncertainty that makes it hard for businesses to plan for the future and invest in growth. The fact that virtually all the categories in the report are showing negative trends is a cause for concern and underscores the need for a resolution to the trade disputes that are weighing on the economy.

As we look ahead, it’s clear that policymakers and businesses alike will need to navigate these challenges carefully. Finding a way to ease trade tensions and provide stability for businesses will be crucial in ensuring that the manufacturing sector can recover and thrive once again. The road ahead may be difficult, but with the right strategies and policies in place, there is hope for a brighter future.

In conclusion, the recent ISM-manufacturing report paints a worrying picture of the state of the economy. With prices and inventories on the rise and businesses struggling to cope with the impact of tariffs, it’s clear that tough times may lie ahead. However, by addressing the root causes of these challenges and working towards solutions, there is hope that the economy can rebound and regain its strength. It will require cooperation and innovation from all stakeholders, but the potential rewards are well worth the effort. Let’s keep a close eye on how things unfold in the coming months and remain hopeful for a better tomorrow.