COLUMN-U.S. manufacturing has probably entered recession: Kemp ...Middle East

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COLUMN-U.S. manufacturing has probably entered recession: Kemp
source : Devdiscourse ( Middle East ) () 32
U.S. manufacturers probably entered a recession in the fourth quarter of 2022, based on a range of high-frequency indicators, part of a global downturn in industrial output that is creating some slack in commodity markets. The Institute for Supply Management’s (ISM) manufacturing purchasing managers’ index fell below the 50-point threshold dividing expanding activity from a contraction in both November and December.

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