U.S. Manufacturing Shows Signs of Recovery Amid Ongoing Challenges

The Institute for Supply Management (ISM) reported a slight improvement in US manufacturing activity for December 2024. The Manufacturing PMI rose to 49.3 from 48.4 in November, surpassing market expectations of 48.4. This increase marks the ninth consecutive month of contraction in the sector. Three out of five subindices now indicate expansion. The New Orders […]