ISM Manufacturing PMI Only 49.5 – in Contraction Territory

The ISM Manufacturing PMI scored 49.5 points in November. Economists’ expectations stood on 51.5 points, after last month’s 51.7 points. So, this is a big disappointment. 50 points separate between growth and contraction. The headline number is the lowest since July 2009. The most worrying part is that the employment component dropped to 48.4. Expectations
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