SFY - New Year Same Story: U.S. Manufacturing Slump Drags On
On the latest edition of Market Week in Review, Quantitative Investment Strategist Abraham Robison and Research Analyst Brian Yadao discussed the latest manufacturing data from the U.S. and Europe. They also reviewed equity and bond market performance in 2019, and chatted about key elements to this year's market outlook.
U.S. manufacturing activity hits 10-year low
The slump in U.S. manufacturing continued in December, Robison said, with the Institute for Supply Management's ((ISM)) manufacturing index falling to 47.2. That number is the lowest since June 2009, he noted, explaining that a reading below 50 indicates contraction.