U.S. manufacturing activity expanded at a slower-than-expected pace last month and reached its lowest level in more than two years, according to data released Friday.
The index's print was also the weakest since November 2016. A decline in new orders, production, employment and prices all contributed to the broader index's decline, ISM data showed.
- Related: Perspective: U.S. manufacturing can take the punches
- Related: U.S. factory activity jumps in November