U.S. manufacturing PMI contracts for 13 straight months amid slowing economy

WASHINGTON, Dec. 1 (Xinhua) -- Economic activity in the U.S. manufacturing sector contracted in November for the 13th month in a row, the Institute for Supply Management (ISM) said Friday.

The U.S. Manufacturing Purchasing Managers' Index (PMI) stood at 46.7 percent in November, unchanged from the figure recorded in October. Any reading below 50 percent indicates the manufacturing sector is generally contracting.