Signs of a global economic recession? Aside from widespread weakness in Europe, the US manufacturing sector continues to weaken: Chicago’s PMI dropped to 36.9 in December, the second-lowest since 2020, below the expected 42.5. This marks the 13th consecutive month of contraction. The new orders index fell to its second-lowest since May 2020, with over 50% of respondents reporting a decrease in new orders. The nationwide ISM manufacturing PMI for December is set to be released, confirming that the industry is in recession. Can Trump make a difference?
The US manufacturing sector continues to weaken: Chicago’s PMI dropped to 36.9 in December, the second-lowest since 2020, missing expectations of 42.5. This marks the 13th straight month of contraction. The new orders index fell to its second-lowest since May 2020, with over 50% of respondents reporting fewer new orders. The nationwide ISM manufacturing PMI for December will be released on Friday, confirming the sector’s recession.#币安LaunchpoolBIO预测 #2025比特币价格预测