December U.S. ISM Manufacturing Index Expected To Fall

According to the latest FX Street article, experts believe the December U.S. ISM Manufacturing Index will drop from 48.6 to 48.1. lista storage 

The expected decrease will represent the lowest reading since the recession and is consistent with the dismal tone in the wide array of regional PMIs, the article reports.

The findings align with other data that indicates a contracting manufacturing sector. The December PMI came in at 51.2, reports a recent ForexLive article. The PMI reading is the lowest level since October 2012, states the article.

In addition, new orders measured at 50.2 and output at 52.5, with neither experiencing any growth, the ForexLive article says.

“We look for the key forward-looking indicators such as new orders, employment, and order backlog to point to a weaker outlook, as well – especially given the lagged effects of the higher dollar,” suggests the FX Street article.

As manufacturers navigate a challenging and unsteady economy, companies can continue to rely on Lista’s manufacturing storage solutions to drive peak organization and productivity.

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