Column: U.S. manufacturing has probably entered recession: Kemp
Written by Black Hot Fire Network on January 19, 2023
LONDON, Jan 19 (Reuters) - U.S. manufacturers probably entered a recession in the fourth quarter of 2022, based on a range of high-frequency indicators, part of a global downturn in industrial output that is creating some slack in commodity markets.
The Institute for Supply Management’s (ISM) manufacturing purchasing managers’ index fell below the 50-point threshold dividing expanding activity . . .
