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Last updateFri, 03 Apr 2020 8pm

Manufacturing & The Economy

ISM: Manufacturing Contracts for Fifth Straight Month

Manufacturing contracted for the fifth straight month in December, as the PMI registered 47.2%, a decrease of 0.9% from the November reading of 48.1%. A number under 50% indicates contraction.

"Global trade remains the most significant cross-industry issue, but there are signs that several industry sectors will improve as a result of the phase-one trade agreement between the U.S. and China," says Timothy R. Fiore, chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee.

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