No. of Recommendations: 8
...but the market flies. The NeoCons are back in charge.
US factory sector contracts for 10th straight month in December
WASHINGTON, Jan 5 (Reuters) - U.S. manufacturing activity slumped to a 14-month low in December, with new orders contracting further and input costs grinding higher as the sector continued to bear the imprint of President Donald Trump's import tariffs.
The ISM said its manufacturing PMI dropped to 47.9 in the final month of 2025, the lowest level since October 2024, from 48.2 in November. A reading below 50 indicates contraction in manufacturing, which accounts for 10.1% of the economy.
It was the 10th straight month that the PMI remained below the 50 threshold. Economists polled by Reuters had forecast the PMI would be little changed at 48.4. The PMI remained above 42.3, a level that ISM said over time was consistent with an expansion of the overall economy.finance.yahoo.com - US factory sector contractsBut that doesn't matter. The ISM will probably be investigated for "un-American activity".
Behold the American Collusion! Astride the world, looting as it pleases, because the NeoCons are entitled to everything.
/sarcasm
Steve
