We are an importer, exporter & wholesaler of alcoholic beverages & food with type 14 public warehouse & fulfillment service

December manufacturing output declines, to finish 2022, reports ISM

The report’s key metric, the PMI, came in at 48.4 (a reading of 50 or higher indicates growth), down 0.6% from November’s 49.0, contracting, at a faster rate, for the second consecutive month. The last two months of contraction were preceded by a stretch of 29 consecutive months of growth. ISM added that the overall economy contracted in December, following 30 consecutive months of growth.

Leave a Comment

Resize text-+=