The last ISM report of 2024 comes in mixed

Source: Dukascopy Bank SA
Economic activity in the manufacturing sector shrank in December for the ninth month in a row, continuing a trend seen in 25 out of the last 26 months, according to the latest Manufacturing ISM report. The Manufacturing PMI® was 49.3% in December, up from 48.4% in November, showing slow growth.



The overall economy is still expanding, marking 56 months of growth since April 2020. New Orders Index improved, reaching 52.5%, suggesting demand is picking up. Production Index returned to growth at 50.3%, after six months of contraction. Prices were slightly up, and the Backlog of Orders Index showed fewer orders waiting. The Employment Index fell to 45.3%, suggesting job cuts as companies prepare for 2025.
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