US ISM manufacturing unchanged at 46.7, corresponds to -0.7% annualized GDP contraction

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<p>US ISM Manufacturing PMI was unchanged at 46.7 in November, missed expectation of 47.7. Looking at some details, new orders rose from 45.5 to 48.3. Production fell from 50.4 to 48.5. Employment fell from 46.8 to 45.8. Prices rose from 45.1 to 49.9. ISM said: “The past relationship between the Manufacturing PMI and the overall […]</p>
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