US manufacturing PMI drops in Dec as orders reduce

The S&P Global US Manufacturing PMI fell to 49.4 in December, signalling a sharper decline in new orders and production.
Input cost inflation surged to its highest since August, prompting firms to raise prices.
Business confidence waned, though optimism about 2025 led to modest job creation.
Export demand fell, and supplier delays worsened due to staff shortages and freight issues.Read More