US Manufacturing Still Mired In Contraction

US manufacturing disappointed again. The marquee gauge of factory activity across the world's largest economy came in below estimates for November in data released Friday. At 46.7, ISM was unchanged from the prior month. Economists collectively expected a marginal improvement to 47.8. The range of estimates from 57 forecasters was 46 to 52. It was the 13th month below the demarcation line that separates expansion from contraction. Meanwhile, the final read on the S&P Global gauge for N

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