US News

U.S. manufacturing activity cools; supply bottlenecks easing

Published by
Reuters

By Lucia Mutikani WASHINGTON (Reuters) – U.S. manufacturing slowed in December amid a cooling in demand for goods, but supply constraints are starting to ease and a measure of prices paid for inputs by factories fell by the most in a decade. The Institute for Supply Management (ISM) survey on Tuesday also suggested some improvement in labor supply, with a gauge of factory employment rising to an eight-month high. Still, Timothy Fiore, chair of the ISM manufacturing business survey committee, noted that “shortages of critical lowest-tier materials, high commodity prices and difficulties in tran…

Read More

Facebook Comments

Check Also

Rights groups call for diplomatic boycott of Beijing Winter Olympics

Published by DPA An alliance of 243 human ...

Archives