ISM manufacturing shows deeper November contraction

Tuesday, December 02, 2025 at 15:00 UTC+01:00 (+0100), United States, N/A

News category : Macroeconomic Events

The Institute for Supply Management published its manufacturing PMI for November, which registered a weaker reading than analysts expected and extended the sector's run of contraction. Survey respondents pointed to softer new orders, slower employment in factories and persistent input price pressure. The print underscored the uneven macro backdrop where services remain comparatively resilient while goods activity cools. Market participants viewed the data as a meaningful input to central bank deliberations because sustained manufacturing weakness can weigh on hiring and inflation dynamics over coming quarters. Traders reacted by adjusting short term rate expectations and recalibrating sector exposure in portfolios focused on industrial cyclicals and supply chain names.

Overall market impact

Strong bearish market impact - strength score : 82/100

Detailed breakdown of market impact over instruments, sectors, and asset classes

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Impacted instruments :

US equities (industrial and cyclical)

Interest rate futures

USD FX pairs

Corporate credit spreads

Manufacturing supply chain stocks

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