US Manufacturing Sector Slump Accelerates In December: Orders Down, Prices Up | ZeroHedge

US Manufacturing saw only two months in 2023 that were not in contraction and ended on a decidedly poor note with the final December print dropping to 47.9 (from 48.2 flash and 49.4 prior).

Source: Bloomberg

Across the board it was ugly with:

  • Renewed contraction in output as orders fall at sharper pace

  • Rates of inflation pick up

  • Joint-fastest drop in employment since June 2020

Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said:

Not exactly the 'goldilocks' soft-landing every one is hoping for.

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