ISM Manufacturing Index Contracts for 9th Straight Month

Published on January 3, 2025

The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) came in at 49.3 in December, higher than November's 48.4 reading, but keeping the index in contraction territory for the 9th straight month. The manufacturing sector has now contracted for 25 of the past 26 months. The latest reading was better than the forecast of 48.2.

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