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02 Dec
21:03

Manufacturing outlook turns pessimistic in US

Manufacturing activity in the US contracted for the first time since May 2020, Kallanish learns from the Institute for Supply Management (ISM) manufacturing purchasing managers’ index (PMI). Outlook in the manufacturing sector registered 1.2% lower in November to a reading of 49%, after 29 months of consecutive growth. Any reading below 50% indicates a retraction from the previous month's score. Despite overall rising levels of pessimism for t…
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