美国11月ISM制造业PMI继续下降

Group 1 - The core point of the article highlights that the US manufacturing sector is experiencing a continuous contraction, with the ISM manufacturing PMI declining from 48.7 to 48.2 in November, marking nine consecutive months of decline [2] - The efforts made by the Trump administration to revitalize the manufacturing sector through various policies have not yielded the desired results, as the sector continues to shrink under the impact of tariffs and other policies [2] - Revitalizing the manufacturing sector requires more than just financial investment; it necessitates the cultivation of skilled workers and coordination of supply chains, indicating that deep-rooted social issues in the US pose significant challenges to this goal [2] Group 2 - The downturn in the manufacturing sector reflects broader economic stagnation in the US, characterized by high levels of uncertainty that hinder corporate investment and operations, contributing to increased social unrest [2] - A worsening job market and persistently low consumer confidence indices suggest that if consumer spending, a crucial pillar of the US economy, declines sharply, an overall economic downturn will be inevitable [2] - Even if the Federal Reserve accelerates interest rate cuts, the effectiveness of loose monetary policy in supporting the US economy may be limited, akin to a drop in the bucket [2]