ISM's Fiore: Manufacturing Data 'Soft' But Not Alarming

The video discusses the current contraction mode in manufacturing, marking the first time in 29 months. It highlights the decline in demand, backlog consumption, and employment trends, including layoffs. The video also explores sector-specific weaknesses, particularly in exports and manufacturing GDP, with only transportation equipment and petroleum showing slight expansion.

How has the backlog situation changed according to the text?

What does the current contraction mode in manufacturing indicate about demand?

What percentage of manufacturing GDP is currently in contraction?

How does the current contraction compare to previous months based on the text?

What are the implications of the two to one higher to fire ratio mentioned?

What actions did companies take regarding layoffs in November?

What sectors are experiencing weakness in manufacturing according to the discussion?