December 1, 2020

Virus hampers US manufacturing growth in November: survey

Washington (AFP) – The US manufacturing sector continued to grow in November but the coronavirus pandemic was still exacting a toll, particularly on employment, a survey said Tuesday.The Institute for Supply Management’s (ISM) manufacturing index was at 57.5 percent last month, slightly worse than expected but still above the 50-percent threshold indicating growth.The report marked the seventh consecutive month of growth since the index contracted sharply in the early days of the pandemic, but November’s report shows key indicators slowing as the United States weathers the world’s largest Covi…


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