Dec 2nd, 2024

US Manufacturing Shrinks Less Than Forecast

The Institute for Supply Management’s factory gauge rose 1.9 points, the most since March, to 48.4. The median projection in a Bloomberg survey of economists called for an index of 47.5. The new orders gauge climbed 3.3 points and the manufacturing employment index rose 3.7 points. Mike McKee reports on "Bloomberg Open Interest."