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Home Economy

U.S. factories contract for fourth straight month, ISM shows, but there might be a silver lining

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March 13, 2023
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The numbers: A key barometer of American factories was negative for the fourth month in a row at 47.7%, as manufacturers cut back on production to cope with a slower U.S. economy.

The change in the ISM index has been corrected.

The Institute for Supply Management’s manufacturing survey edged up from 47.4%…

Tags: Aerospace/Defensearticle_normalAutomobilesChemicalsMachinery/Industrial Goods
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