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  1. U.S. Manufacturing Index Edges Down To Lowest Level Since May 2020

    by , 01-05-2023 at 09:02 AM
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    The Institute for Supply Management released a report on Wednesday showing U.S. manufacturing activity contracted at a slightly faster rate in the month of December. The ISM said its manufacturing PMI edged down to 48.4 in December from 49.0 in November, with a reading below 50 indicating a contraction. Economists had expected the index to slip to 48.5.