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BofA Merrill Lynch Global Research – A US Economics Report – Monday, 03 December 2012

Manufacturing is treading water

The ISM manufacturing index came in below the 50 breakeven level at 49.5 in November – that is the lowest level since July 2009 and is down from October’s level of 51.7. Since the June report, the ISM manufacturing index has been below the 50 breakeven level four out of six times suggesting that the manufacturing sector is just treading water.

 

 

Read the full report here.