00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. manufacturing activity fell to a 14-month low in December as new orders contracted and
00:08input costs stayed elevated, according to Reuters. The PMI dropped to 47.9 from 48.2 in November,
00:16marking the 10th straight month in contraction. Survey respondents repeatedly cited Trump's
00:20import tariffs as a drag on demand, margins, and hiring. Production and inventories declined,
00:26while factory employment fell for an 11th consecutive month.
00:31ISEM said 85% of manufacturing GDP contracted in December. Only electrical equipment and
00:37computer products reported growth. Economists said structural issues limit recovery,
00:42though some expect tax cuts and additional tariff exemptions
00:45to provide limited support this year. For all things money, visit Benzinga.com.
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