US manufacturing shrinks for 2nd month amid global slowdown

WASHINGTON (AP) — U.S. manufacturers contracted in December at the fastest pace in more than six years as factories cut jobs and new orders shrank.
The Institute for Supply Management says its index of factory activity fell to 48.2 from 48.6 in November. Any reading under 50 signals contraction.
The figures suggest that the troubles weighing on manufacturers last year — slow overseas growth, a strong dollar and low oil prices — will likely continue into 2016.
The ISM report coi