MOMENTUM OVER FRICTION
At the midpoint of the third quarter, industrial conditions continue to hold firm, even as the operating environment becomes more challenging. Manufacturing is still expanding, U.S. import demand remains strong, and industrial activity is broadening across sectors. At the same time, higher freight costs, rising rubber prices, and renewed tariff uncertainty are creating additional friction. For now, momentum is winning. The months ahead will test just how durable that momentum really is.
Read the August Industrial Trade Report ↓
