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IPFS News Link • Manufacturing-U.S.A

US Manufacturing Slumps To Weakest Since 2020 As Cost Inflation Hits Record High

• Zero Hedge

October and November have seen US macro-economic data surprise to the upside (admittedly from a depressingly low level overshoot), and flash PMI signaled an uptick in Manufacturing earlier in the month, but that was the end of the good news.

Markit US Manufacturing was a big disappointment, tumbling from 59.1 earlier in the month to 58.3 final for November, which is below October's final 58.4 - the weakest print since Dec 2020.

ISM US Manufacturing also disappointed, though only modestly, printing 61.1 vs 61.2 exp, but up from October's 60.8.

So Markit worst since 2020, and ISM best since March...