US Manufacturing Sees Modest Improvement as Orders Rebound in November
TL;DR
The US manufacturing sector continued to contract in November, marking the eighth consecutive month of decline, according to the latest ISM Manufacturing Report. The Manufacturing PMI rose to 48.4 from 46.5 in October, indicating a slight improvement but still below the 50 threshold that signifies expansion. New orders and employment indices showed some growth, while the price index decreased. The report suggests ongoing weak demand as companies plan for 2025 post-election cycle.
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