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Manufacturing shrinks for 9th month in a row, ISM finds. Tariffs hurt sales and keep lid on hiring
The US manufacturing sector contracted for the ninth consecutive month in November, according to the Institute for Supply Management (ISM). The ISM Manufacturing PMI fell to 48.4, down from 48.5 in October, signaling ongoing weakness below the 50 expansion threshold. This prolonged slump underscores challenges from tariffs, which are curbing sales and stifling hiring. The […]
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