U.S. Manufacturing Contracts for First Time Since May 2020

U.S. Manufacturing Contracts for First Time Since May 2020

U.S. Manufacturing Contracts for First Time Since May 2020

U.S. manufacturing in November contracted for the first time since May 2020 as orders declined for the third straight month. The Institute for Supply Management’s PMI slid to 49 from 50.2 in October. The factory-activity index has fallen in five of the last six months and stands below 50, the threshold separating expansion and contraction.…

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