WASHINGTON—American factory activity decelerated in December, as demand for U.S.-made products softened. The Institute for Supply Management on Thursday said its manufacturing index fell to 54.1 in December, partly driven by waning demand. Numbers above 50 indicate activity is expanding across the manufacturing sector, while numbers below 50 signal contraction. Economists surveyed by The Wall Street Journal had expected a higher 57.9 reading for December.

Source: Wall Street Journal January 03, 2019 15:45 UTC