Manufacturers concluded 2024 positively, with the Institute for Supply Management reporting an increase in demand and production in December. The Purchasing Managers’ Index rose to 49.3%, with new orders surpassing the growth threshold at 52.5%. Seven sectors experienced growth, although concerns over potential tariff hikes linger among manufacturers. Despite anticipated challenges, industry optimism remains high, with expectations of improved business conditions in the new year and a rebound in demand potentially indicating a shift toward economic growth.

Source: https://www.supplychaindive.com/news/pmi-december-2024-ism-s-and-p-trump-tariffs-demand-supply/736444/