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    December 1, 2022

    ISM: US Manufacturing Contracted in November

    Written by David Schollaert

    US manufacturing activity contracted in November for the first time since May 2020, according to the Institute for Supply Management (ISM).

    The ISM’s November manufacturing PMI dipped below the neutral 50.0 mark — the level that typically divides expansion from contraction. It was slowed as new orders remained in contraction territory, while prices fell further — declining 1.2 percentage points month-on-month (MoM) to their lowest level in two and a half years.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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