S&P Global revealed that US Manufacturing Purchasing Managers’ Index (PMI) It dropped to 46.2 in December from 47.7 in November, but was in line with the preliminary figure.
The index remained below the 50 level, indicating a contraction in the US manufacturing sector. which is the second consecutive month of contraction
PMI index hit by new orders fall While employment slowed And although business confidence rebounded to the highest level in three months, it was still pressured by concerns regarding inflation and consumer demand.
