ISM: Manufacturing Activity Slows Further in January
US manufacturing activity retreated in January, the third consecutive monthly decline, according to the Institute for Supply Management (ISM). The Manufacturing PMI fell to 47.4% in the first month of 2023, the lowest level since May 2020, when it registered a seasonally adjusted 43.5%, ISM said. Any reading below 50% indicates the manufacturing sector is generally contracting. […]