What’s Behind the Latest U.S. Manufacturing Data? A Closer Look at the ISM PMI The Institute for Supply Management (ISM) released its December 2025 Manufacturing PMI on January 5, 2026, showing a reading of 47.9—indicating contraction (below 50) for the 10th straight month. 📉 This is the lowest level of 2025, down slightly from November's 48.2. The PMI is a key monthly survey of purchasing managers that tracks new orders, production, employment, supplier deliveries, and inventories. Readings ab

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