U.S. Manufacturing Contracts For 14th Straight Month
The manufacturing sector continued to contract in December, a closely watched economic indicator released Wednesday by the Institute for Supply Management showed. The ISM Purchasing Managers Index (PMI) rose to 47.4% in December, slightly higher than analysts' expectations of 47.2%. Last month's PMI was 46.7. Despite the better-than-expected improvement, this figure remains below the 50 […]