Shipments of durable goods manufactured in the U.S. moved back above $600 billion in nominal terms in June, regaining the output first reached in 2022.
While this is good news, it’s clear that the country’s manufacturing sector is stuck in a period of slow growth.
To that point, surveys by the regional Federal Reserve banks showed reduced activity during the first half of 2025 and only mixed results in July. Manufacturers in the Philadelphia and Dallas regions were the only two out of five surveyed that reported increased activity.
Nonetheless, manufacturing shipments of durable goods increased by 2% on a six-month annualized basis in both May and June—on par with the average for the first half of this year.
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