US EditionUS manufacturing slump deepens in November
The ISM Manufacturing PMI dropped to 48.2, signaling a sector contraction and increased economic headwinds for U.S. manufacturers, based on data from over 400 companies.
- On Monday, the Institute for Supply Management reported the Manufacturing PMI at 48.2, below the 49.0 forecast and down from the prior reading of 48.7, signaling contraction in the U.S. manufacturing sector.
- The PMI is compiled from monthly replies to purchasing and supply executives and is a seasonally adjusted diffusion index using component weights like New Orders 30% and Production 25%.
- Reported indicators include new orders, backlog, new export orders, imports, production, employment and prices, which are aggregated so the index reflects the net share reporting improvement or deterioration.
- Markets view the lower-than-expected PMI as bearish for the U.S. dollar, and a sub-50 reading suggests manufacturing headwinds that could weigh on broader growth.
- The ISM PMI's status as a widely followed indicator means it draws investor scrutiny, and this article was generated with AI and reviewed by an editor.
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US Manufacturing Activity Slumps for 9th Straight Month
Slowing factory orders and higher prices resulted in U.S. manufacturing activity contracting for the ninth consecutive month in November. The Institute for Supply Management stated on Dec. 1 that the manufacturing purchasing managers’ index—a monthly survey of the sector’s prevailing economic conditions—fell to 48.2 in November from 48.7 the previous month. A reading below 50 suggests the sector is contracting. But while last month’s number held…
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