US Factory Activity Shrinks by the Most in Four Months
Battery modules on the production line at a manufacturing facility in Turtle Creek, Pennsylvania.
Photographer: Justin Merriman/BloombergUS factory activity shrank in November by the most in four months as orders weakened, indicating manufacturers are struggling to break free from an extended period of malaise.
The Institute for Supply Management’s manufacturing index eased 0.5 point to 48.2, according to data released Monday. The measure has been below 50, which indicates contraction, for nine straight months.