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U.S. Manufacturing Index Indicates First Contraction Since May 2020

Por: RTTNews Business December 01, 2022

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Activity in the U.S. manufacturing sector contracted for the first time in over two years in the month of November, according to a report released by the Institute for Supply Management on Thursday.The ISM said its manufacturing PMI slipped to 49.0 in November from 50.2 in October, with a reading below 50 indicating a contraction. Economists had expected the index to edge down to 49.8.With the slightly bigger than expected decrease, the... + full article



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