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U.S. manufacturers expand at slowest pace in 15 months as business confidence wanes, - IHS Markit
U.S. manufacturers expand at slowest pace in 15 months as business confidence wanes, IHS Markit finds
https://www.marketwatch.com/story/us-manufacturers-expand-at-slowest-pace-in-15-months-as-business-confidence-wanes-ihs-markit-finds-2019-01-02
The numbers: A survey of American manufacturers showed the slowest growth in December in 15 months, reflecting a dip in confidence among executives about how their businesses will perform in the new year.
IHS Markit said its manufacturing PMI slipped to 53.8 in December from an initial reading of 53.9, and it was down from 55.3 in the prior month.
...
That could be an ominous sign for the economy if the loss of confidence continues to spread. The level of optimism among senior executives was at the lowest ebb in more than two years.
What happened: The growth in new orders and employment both slowed in December, though production remained the same as in the prior month. Exports also grew faster.
Somewhat slower business expansion has resulted in one unintended benefit: Inflationary pressures eased again to an 11-month low.
IHS Markit said its manufacturing PMI slipped to 53.8 in December from an initial reading of 53.9, and it was down from 55.3 in the prior month.
...
That could be an ominous sign for the economy if the loss of confidence continues to spread. The level of optimism among senior executives was at the lowest ebb in more than two years.
What happened: The growth in new orders and employment both slowed in December, though production remained the same as in the prior month. Exports also grew faster.
Somewhat slower business expansion has resulted in one unintended benefit: Inflationary pressures eased again to an 11-month low.
