shutdown

With the government shutdown impacting demand at the start of the quarter, the sector needs strong Thanksgiving and Christmas travel to avoid further turbulence.

American manufacturing contracted for the ninth straight month, a survey showed, as uncertainty tied to ever-changing tariffs and a historic government shutdown weighed on business.

Tariffs and economic uncertainty remained key issues for respondents in the survey, alongside the government shutdown.

However, the government shutdown has delayed the core PCE release, so the numbers are outdated, from September.

It’s also a busy week of earnings reports and the release of economic data that were delayed because of the government shutdown that ended earlier this month.