U.S. factory gauge unexpectedly falls to lowest since 2009

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THE INSTITUTE for Supply Management’s purchasing managers’ index fell to 47.2 in December, its lowest level since June 2009. / BLOOMBERG FILE PHOTO/TY WRIGHT
THE INSTITUTE for Supply Management’s purchasing managers’ index fell to 47.2 in December, its lowest level since June 2009. / BLOOMBERG FILE PHOTO/TY WRIGHT
WASHINGTON – United States manufacturing closed out a tumultuous year with the weakest monthly performance since the end of the recession, with orders shrinking and factories continuing to dial back production. Stocks and Treasury yields, already lower after a U.S. airstrike killed one of Iran’s most powerful military leaders, extended declines after the report. The…

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