With Manufacturing in Contraction, Economy in December Drops to its Lowest in 2015

• PMI Composite in December 2015 slid 2.65 index points completing a month-on-month fourth quarter slowdown from a September high and a year char-acterized by changing patterns in business activities - first, the monthly indices were lower than the five-year business cycle, February and September ex-cluded; second, the economy peaked in September or two months earlier than the average; and third, it dropped to its lowest in December as it did in 2014.
• Experts agree that the severe lead time and delivery conditions prompted industries to make adjust-ments in the last quarter.