[U.S. November ISM Manufacturing PMI Shrinks for the Ninth Consecutive Month] According to a report by Jinse Finance, U.S. manufacturing remained in contraction territory for the ninth consecutive month in November, as factories faced dual pressures of declining orders and rising raw material costs amid the ongoing drag of import tariffs. Data released on Monday by the Institute for Supply Management (ISM) showed that the November Manufacturing PMI fell to 48.2 from October's 48.7. A reading below the 50 threshold indicates contraction in the manufacturing sector, which accounts for 10.1% of the U.S. economy. However, the index remains above 42.3, a level ISM notes is consistent with overall economic expansion in the long term. The forward-looking new orders sub-index in the ISM survey dropped from 49.4 in October to 47.4 in November, marking nine months of contraction out of the past ten. Tariffs have driven up the prices of some goods, dampening demand. Backlogs of orders continued to shrink, although exports showed slight improvement. Weak demand has eased supply chain pressures, with the supplier deliveries index falling from 54.2 in October to 49.3 in November, where a reading below 50 indicates faster delivery times. Despite weak factory orders, manufacturers paid higher costs for raw materials last month, suggesting that inflation may remain elevated for some time.