U.S. factory activity slows
As things had been moving in the right direction in terms of the economic activities, we're starting to see some slowdown in factory activities due to the rising cases. The ISM’s index of national factory activity dropped to a reading of 57.5 last month from 59.3 in October, which had been the highest since November 2018. A reading above 50 indicates expansion in manufacturing, which accounts for 11.3% of the U.S. Read more on this here.
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