Column: U.S. manufacturing is in recession
Written by Black Hot Fire Network on February 2, 2023
LONDON, Feb 1 (Reuters) - U.S. manufacturing is already in recession based on the latest monthly report on business from the Institute for Supply Management (ISM) issued on Feb. 1:
- The ISM purchasing managers’ index slipped to 47.4 (16th percentile for all months since 1980) in January from 48.4 (19th percentile) in December and 57.6 (85th percentile) a year earlier.
- The composite index has fallen . . .
