Manufacturing in the U.S. and Asia showed signs of stabilization as 2019 drew to a close, although Europe’s industrial output offered few signs of a rebound.
Data company IHS Markit said Thursday that its purchasing managers index for the U.S., a measure of activity in businesses, was 52.4 in December, down slightly from 52.6 in November. A level above 50 points to growth in business activity, while a reading below that mark points to contraction.
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