Economics
U.S. Factories Extend Contraction as Index Misses Forecasts
- New orders match lowest readings during the expansion
- Drop in ISM gauge contrasts with IHS Markit’s reading
This article is for subscribers only.
Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.
America’s industrial heartbeat remained faint in November as a measure of manufacturing contracted for a fourth straight month against a backdrop of weaker orders and subdued production. U.S. stocks headed for their worst decline in more than a month.