Economy Facing Major Contraction as Businesses Show Steep Decline - ISM Report Reveals

Business Contraction Report: ISM Finds Biggest Contraction Since Pandemic

The latest ISM report has revealed a significant contraction in business activity, indicating the largest decline since the pandemic began.

This downturn is a clear sign of a weakening economy, raising concerns across various sectors.

• Key Points: The report highlights the urgent need for strategic planning and risk management to navigate the challenging economic landscape effectively.