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The Commodity Report #80
SUMMARY
- US manufacturing contracted in November for the first time since May 2020 as output weakened in the face of a third-straight month of shrinking orders.
- According to data released Thursday, the ISM’s gauge of factory activity slid to 49 from 50.2 in the prior month.
- The measure has fallen in five of the last six months and stands below 50, the threshold separating expansion and contraction, for the first time since the pandemic lockdowns.
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