U.S. factories extend contraction as index misses forecasts

U.S. MANUFACTURING contracted for the fourth straight month in November, according to the Institute for Supply Management. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH
U.S. MANUFACTURING contracted for the fourth straight month in November, according to the Institute for Supply Management. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH
WASHINGTON – America's industrial heartbeat remained faint in November as a measure of manufacturing contracted for a fourth straight month against a backdrop of weaker orders and subdued production. The Institute for Supply Management data on Monday showed the factory purchasing managers' index unexpectedly declined to 48.1, near the expansion's low point, from 48.3. The…

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