United States: Manufacturing index back into contraction territory
December 3, 2012
In November, the ISM manufacturing index fell 2.2 percentage points to 49.5%. The reading undershot market expectations, which had seen the index easing only to 51.4%. In addition, the figure marks a return to contraction territory, after the index had surfaced above the 50% threshold in the previous two months.
The November decline reflected a deterioration in all sub-categories except for the supplier deliveries index. According to the ISM "comments from the panel this month generally indicate that the second half of the year continues to show a slowdown in demand" while adding that "respondents also express concern over how and when the fiscal cliff issue will be resolved".