(ISM) US manufacturing PMI was recorded at 58.7% in December, down by 2.4 percentage points from the previous month.
New Orders Index ticked down by 1.1 percentage points to 60.4%, while the Production Index fell by 2.3 percentage points to 59.2%.
The New Export Orders Index fell by 0.4 percentage points to reach 53.6%. The Imports Index rose by 1.2 percentage points to 53.8%.
The Supplier Deliveries Index fell by 7.3 percentage points to 64.9%, with the Inventories Index down 2.1 percentage points to 54.7%.
Employment improved, with the index up 0.9 percentage points to 54.2%. The Backlog Orders Index also rose by a similar percentage to 62.8%.
The Prices Index was down by 14.2 percentage points to 68.2% amid high commodity prices that plagued consumption.
Institute of Supply Management’s Timothy R. Fiore says constraints of the lowest-tier materials, transportation challenges, and high commodity prices continue to curtail activity. Additional issues are cited in Covid-induced global constraints and staffing challenges.
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