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The U.S. manufacturing sector contracted for the 13th consecutive month in November, following a 28-months of growth. The Institute of Supply Management (ISM) reported that the reading for U.S. manufacturing PMI (purchasing managersâ index) came in at 46.7, in line with the previous month. However, the data was below the consensus estimate of 48.1.
Notably, any reading below 50 indicates a contraction in manufacturing activities. Moreover, major subindexes have contracted. The New Orders I...
>>> Read more: Buy 5 Manufacturing Stocks Despite Disappointing November PMI
Notably, any reading below 50 indicates a contraction in manufacturing activities. Moreover, major subindexes have contracted. The New Orders I...
>>> Read more: Buy 5 Manufacturing Stocks Despite Disappointing November PMI
