Economic Report: U.S. manufacturers stuck in negative territory for 6th month in a row, ISM finds

by | May 1, 2023 | Stock Market

The numbers: A key barometer of U.S. factories hung in negative territory for the sixth month in a row, signaling ongoing malaise in a key part of the economy as rising interest rates sap consumer and business spending. The Institute for Supply Management’s manufacturing survey rose to 47.1% from a three-year low of 46.3% in the prior month. Numbers…

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