U.S. factory slump won’t quit: ISM hits 14-month low as tariffs keep costs high
WASHINGTON, Jan 5, 2026, 14:30 EST U.S. manufacturing activity sank to a 14-month low in December, with a closely watched ISM survey showing a 10th straight month of contraction as tariff-driven costs stayed high. (Yahoo Finance) The Institute for Supply Management’s Purchasing Managers’ Index (PMI) — a diffusion index where readings below 50 signal contraction — slipped to 47.9 from…