U.S. Manufacturing Activity Declined to Lowest Level in 42 months
Economic
activity in the manufacturing sector failed to grow in November for the
first time following 41 consecutive months of growth, while the overall
economy grew for the 61st consecutive month, say the nation's supply
executives in the latest Manufacturing ISM
Report On Business.
In November, manufacturing activity declined to its lowest level in 42 months as the PMI fell to 49.5%. The last time the PMI registered below 50% was April 2003 (46.5%). A reading below 50 indicates contraction. New Orders and Production both ended growth while growth in New Export Orders continued.
Related:
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- ISM factory index shows contraction in activity MarketWatch
- Treasurys
turn higher after ISM comes in below 50 mark
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