U.S. Manufacturing Hits New Low Under Biden

On Monday, a report revealed that, on Joe Biden’s watch, American manufacturing has reached its lowest point since the start of the Chinese coronavirus pandemic.

According to the Washington Free Beacon, the Institute for Supply Management’s manufacturing index, known as PMI, hit its lowest point since May 2020, scoring just 46.3. If the extraordinary conditions of the pandemic are not taken into account, then it is the lowest level since 2009.

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U.S. Manufacturing Declined in December at Fastest Rate Since Pandemic Began

The S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) fell at the fastest rate since May 2020 in December, a continuing sign that the manufacturing sector is on the decline, S&P Global reported Tuesday.

The U.S. Manufacturing PMI posted a 46.2 in December, down from 47.7 in November and solidly below 50, which signals that the sector is contracting, according to S&P Global. Production levels contracted in back-to-back months, with new sales plummeting at the end of December at the fastest pace since 2007, as companies cited weakening demand amid “economic uncertainty” and inflation weighing on customers.

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