The Institute for Supply Management released a report on Friday showing a continued contraction in U.S. manufacturing activity in the month of November.
The ISM said its manufacturing PMI came in at 46.7 in November, unchanged from October, with a reading below 50 indicating a contraction. Economists had expected the index to inch up to 47.6.
The unchanged reading came as the new orders index rose to 48.3 in November from 45.5 in October, but the production index slipped to 48.5 from 50.4 in the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.