US Manufacturing Operating Conditions Deteriorate at Fastest Rate Since May 2020

03 January 2023

The seasonally adjusted S&P Global US Manufacturing Purchasing Managers’ Index™ (PMI™) posted 46.2 in December, down from 47.7 in November. The latest data signalled the fastest decline in operating conditions since May 2020, and was among the sharpest since 2009. Production levels at manufacturing firms contracted for the second month running at the end of the year. Contributing to the quicker decline in output was a sharper downturn in new sales during December. The decrease in new orders was steep overall and among the fastest on record (since May 2007).
Source:  S&P Global US PMI®
Post by: Republic of Türkiye Ministry of Trade