US Manufacturing Sector Weakens Further to End 2022

US Manufacturing Sector Weakens Further to End 2022
A worker at a newly renovated Ford's assembly plant in Chicago, Ill., in 2019. Jim Young/AFP via Getty Images
Andrew Moran
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The U.S. manufacturing sector weakened further to finish 2022 amid falling output and client demand, supporting widespread recession fears.

In December, the S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) (pdf) tumbled to 46.2, down from 47.7 in November; anything below 50 indicates contraction. This matched Trading Economics’ expectations of 46.2.
Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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