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Broadest growth slowdown in decades taking a toll on US economy

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John Kemp | Reuters
US manufacturers reported the broadest slowdown in growth last month for more than a decade, as the trade conflict with China, falling equity prices and increasing uncertainty finally started to take a toll on the economy.

The Institute for Supply Management's purchasing managers' index slumped by 5.2 points in December from the previous month, the largest monthly fall since October 2008.

Manufacturers reported increases in orders, output, employment and inventories, indicating the sector continues to expand, but at a much slower rate than before, according to survey results published on Thursday.

The new orders component slumped by 11 points and remained barely above