09:54 AM EST, 12/16/2024 (MT Newswires) -- The December flash reading of manufacturing conditions from S&P Global fell to a three-month low reading of 48.3 from 49.7 in November, compared with a smaller expected decrease to a reading of 49.5 in a survey compiled by Bloomberg as of 7:30 am ET.

The index suggests contraction in the sector, which is in contrast with the New York Empire State reading released earlier Monday that suggested modest expansion.

The index for services conditions rose to a 38-month high reading of 58.5 in December from 56.1 in November, compared with expectations for a decrease to 55.8.

The composite reading increased to a 33-month high reading of 56.6 from 54.9 in the previous month.