HomeLive CommentsUS ISM manufacturing dropped to 48.1, fourth straight month of contraction

US ISM manufacturing dropped to 48.1, fourth straight month of contraction

US ISM Manufacturing Index dropped to 48.1 in November, down from 48.3, missed expectation of 49.4. It’s the fourth month of sub-50 contraction reading. ISM’s Timothy R. Fiore warned “global trade remains the most significant cross-industry issue”.

Looking at some details, all components stayed are in contraction except supplier deliveries. New orders dropped -1.9 to 47.2. Employment dropped -1.1 to 46.6. New export orders dropped into contraction, by -2.5 to 47.9. On the the hand, production rose 2.9 to 49.1 while prices rose 1.2 to 46.7.

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