US manufacturing contracts to lowest level since 2009

By artappraiser on Fri, 01/03/2020 - 8:25pm |

Economic activity in the U.S. manufacturing sector contracted in December to its lowest level in more than 10 years, according to industry figures released Friday by the Institute for Supply Management (ISM).

ISM's Purchasing Managers' Index registered at 47.2 percent in December, the lowest since June 2009, when it hit 46.3 percent. Index readings below 50 percent indicate a contraction.December was the fifth straight month that the manufacturing sector contracted. In November, the index registered at 48.1 percent [....]

URL:

https://thehill.com/policy/finance/476653-us-manufacturing-activity-contracts-to-lowest-level-since-june-2009