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🇺🇸 The ISM Manufacturing PMI for the US fell for a third consecutive month to 47.9 in December 2025, the lowest level since October 2024, compared to 48.2 in November and forecasts of 48.3.

The reading showed the US manufacturing activity contracted at a faster rate, led by pullbacks in production (51 vs 51.4) and inventories (45.2 vs 48.9).

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