US manufacturing contracts at slow pace; input price growth cools

Quick Summary:

New orders gauge rises above 50 for the first time in eight months.

Early results of a Reuters survey of economists estimated payrolls increasing by 195,000 jobs in November after rising by 12,000 in October, the fewest since December 2020.

Makers of transportation equipment reported that business remains slow, and anticipated the first half of 2025 will be similar.

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Category: EconomyBusiness

Markets: SingaporeCanadaChinaMexico

Topics: Reading Time Products Indicates Months Manufacturing Cent First October November Manufacturers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 08:30:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 976 words

Reading Time: 6 minutes read

Sentences: 44 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 24073656

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