The end of 2018 saw a slower, but still solid, improvement in the health of the U.S. manufacturing sector according to the latest report from IHS Markit. The headline PMI dipped to a 15-month low amid a weaker rise in new business and the joint-softest expansion in output since September 2017.
At the same time, the pace of job creation eased to an 18-month low, despite a further rise in backlogs. Notably, business confidence among manufacturers fell again in December, with the degree of optimis…
Source URL: 15-Month Low for US Manufacturing PMI in December
Source Website: Advance Engineering – Engineering.com