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US FACTORY SECTOR CONTRACTS FOR 10TH STRAIGHT MONTH IN DECEMBER

  • NEWS Desk Global
  • Jan 5
  • 1 min read

U.S. manufacturing activity slumped to a 14-month low in December, with new orders contracting further and input costs grinding higher as the sector continued to bear the imprint of President Donald Trump's import tariffs.

The Institute for Supply Management survey on Monday suggested a recovery was unlikely in the near-term, but economists were hopeful of a turnaround this year as Trump's tax cuts took effect.

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