g5000
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- Nov 26, 2011
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Manufacturing activity in the U.S. contracted to its lowest level in more than a decade last month even as China and the U.S. showed progress on the trade front.
The Institute for Supply Management said Friday its manufacturing index fell in December to 47.2. That’s its lowest level since June 2009, whet it hit 46.3. Economists polled by Reuters expected a reading of 49 for December. Anything below 50 represents sector contraction.
December also marked the fifth straight month of contraction for the U.S. manufacturing sector.
<snip>
Employment, order backlogs and inventories also dropped last month while prices rose.
Manufacturing economy weakest in a decade as December ISM index comes in at 47.2
Trump has managed to bring manufacturing back to the Great Recession! Good job!
The Institute for Supply Management said Friday its manufacturing index fell in December to 47.2. That’s its lowest level since June 2009, whet it hit 46.3. Economists polled by Reuters expected a reading of 49 for December. Anything below 50 represents sector contraction.
December also marked the fifth straight month of contraction for the U.S. manufacturing sector.
<snip>
Employment, order backlogs and inventories also dropped last month while prices rose.
Manufacturing economy weakest in a decade as December ISM index comes in at 47.2
Trump has managed to bring manufacturing back to the Great Recession! Good job!