US Manufacturing Finishes 2024 in Prolonged Slump, Survey Finds
‘U.S. manufacturing activity contracted again in December, but at a slower rate compared to November,’ says ISM survey chief. The U.S. manufacturing sector finished 2024 in a prolonged slump as prices accelerated and employment cooled. A new survey by the Institute for Supply Management (ISM) found that its manufacturing purchasing managers’ index (PMI) increased to