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Thursday, January 03, 2019 3:15:48 PM
The ISM Purchasing Manufacturer’s Index slipped over 5% for December, lower than anticipated. The Institute for Supply Management report shows continued growth at 54.1%, but at “much lower levels”.
Key Takeaways
The index dropped from 59.3% to 54.1% compared to the forecast 57.7%.
The ISM chair described the downward movement as a sharp decline from the month before.
All main components of the index showed decline, led by new orders.
This sharp 5.2 point drop has only been exceeded twice since the turn of the century.
https://goldprice.org/news/gold-price-near-%241300-following-weak-us-manufacturing-industry-report
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