US Manufacturing Contracts for Ninth Straight Month
Manufacturing in the United States shrank for the ninth month in a row in November, reflecting ongoing struggles from declining new orders and rising input costs as import tariffs continue to weigh on production. According to the Institute for Supply Management (ISM), the manufacturing Purchasing Managers’ Index (PMI) dipped to 48.2 in November, down from 48.7 in October. A PMI below 50 indicates contraction. However, the figure remains above the 42.3 threshold, which ISM considers consistent with overall economic expansion. Analysts had expected the PMI to rise slightly to 49.0.
The Federal Reserve’s recent Beige Book report noted a further decline in consumer spending by mid-November. While some regions saw a slight uptick in manufacturing, tariff-related uncertainty remains a major hurdle. President Trump’s previous tariff measures continue to affect the manufacturing sector, although some parts of the industry see gains from rising AI investment. The legality of these tariffs was recently questioned in the U.S. Supreme Court, leading to speculation about potential disruptions if they’re overturned.
Other Key Updates:
FDI Growth in India: Foreign Direct Investment into India rose by 18% to $35.18 billion between April and September. Investments from the U.S. more than doubled to $6.62 billion in the same period.
RBI Leadership: Usha Janakiraman was appointed Executive Director of the Reserve Bank of India effective December 1, 2025. She brings over 30 years of experience across multiple banking sectors.
Weather Advisory: Central and northwest India may see normal to below-normal minimum temperatures this winter, according to the IMD.
Delhi Pollution: The Supreme Court has urged authorities to reevaluate their current measures to control air pollution in Delhi NCR.
GPS Spoofing at Airports: Airports in Delhi, Mumbai, Chennai, and others reported GPS spoofing. The Aviation Ministry is upgrading cybersecurity infrastructure in response.
Bomb Threat to Kerala CM: A threat was reported at Kerala CM’s residence. No explosives were found. The CM is currently visiting Dubai.
India’s Industrial Output: Industrial output in India rose by 0.4% in October, missing expectations of 3.1% growth.
Red Fort Blast Case: Jawad Ahmed Siddiqui, founder of Al-Falah University, was sent to 14-day judicial custody in connection with the Red Fort blast case. Explosives were earlier recovered from university-linked locations.
US manufacturing, PMI, import tariffs, FDI India, Delhi pollution
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