U.S. manufacturing industry contracted for 5 consecutive months

　　Xinhua News Agency, Washington, January 3-Data released by the Institute of Supply Management on the 3rd shows that the US manufacturing industry purchasing managers index (PMI) fell by 0.9 to 47.2 in December 2019, which means that the US manufacturing industry has contracted for 5 consecutive months And the contraction is the largest since June 2009.

　　The manufacturing industry PMI is at 50, which means that manufacturing industry activity is expanding, and below 50 means manufacturing industry activity is contracting. Under the influence of multiple negative factors such as protectionist policies and the global economic slowdown, the US manufacturing industry has contracted since August 2019.

　　For the whole of 2019, the average PMI of the US manufacturing industry was 51.2, the lowest level in 10 years; compared with the 2018 average, it fell 7.6, the largest decline since 2001.

　　Analysts worry that U.S. manufacturing industry companies will still face risks such as policy uncertainty, a weak investment environment and slowing global growth in 2020.

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