Abstract
- The Institute for Provide Administration (ISM) manufacturing buying managers index (PMI) got here in at 48.2 in November, indicating contraction in U.S. manufacturing for a ninth straight month.
- Contraction accelerated as new orders and employment indexes each dropped 2 share factors, highlighting persistent financial uncertainty.
- Manufacturing expanded in November, however 67% of firms proceed to handle headcount reductions fairly than hiring.
Zhanna Hapanovich/iStock by way of Getty Photos
By Jennifer Nash
The Institute for Provide Administration (ISM) manufacturing buying managers’ index (PMI) got here in at 48.2 in November, indicating contraction in U.S. manufacturing for a ninth straight month. The newest studying marks a barely sooner fee of contraction in comparison with
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