11/01/2024

Factory Weakness Seen Weighing on 4th-Quarter GDP

U.S. factories ended last year mired in their worst slump since 2009, highlighting the global forces set to weigh further on the manufacturing sector in the new year.

The Institute for Supply Management, a group of purchasing managers, said Monday that its gauge of manufacturing activity fell to 48.2 last month from 48.6 in November. A reading…

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