SMU Community Chat
January 4, 2023
ISM: Manufacturing Slips in December
Written by Becca Moczygemba
US manufacturing activity slipped in December, for the second consecutive month, according to the Institute for Supply Management (ISM).
The ISM’s December manufacturing PMI remains below the neutral 50.0 mark — the level typically dividing expansion from contraction. On the heels of a 29-month period of growth, this is now the lowest level since May 2020. It has slowed as new orders continue to contract, while prices fell 3.6 percentage points month on month (MoM) to their lowest level in nearly three years.
