🇺🇸 ISM Manufacturing PMI is out: ✦ PMI: 48.7 (vs. 49.0 expected, 49.1 prior) ✦ Production: 48.2 (contracting again) ✦ Prices: 58.0 (rising at a slower pace) The pace of manufacturing contraction worsened slightly. What are your thoughts? We’ll unpack the highlights today.