US Manufacturing Growth Slows to Decade Low

Discussion in 'Economy' started by McRocket, May 23, 2019.

  1. McRocket
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    McRocket BANNED

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    'The IHS Markit US Manufacturing PMI dropped to 50.6 in May 2019 from the previous month's 52.6 and below market expectations of 52.5, a preliminary estimate showed. The latest reading pointed to the weakest pace of expansion in the manufacturing sector since September 2009.

    Underlying data indicated a broad-based slowdown in the rates of expansion for output, employment and pre-production inventories, while new orders declined for the first time since August 2009.'

    [​IMG]

    United States Manufacturing PMI | 2019 | Data | Chart | Calendar | Forecast

    Other then a few rich people - NO ONE wins in a trade war. Only a macroeconomic ignoramus would think otherwise.
     
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    Last edited: May 23, 2019
  2. Meathead
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    Meathead Gold Member

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    Meanwhile, unemployment and food stamp recipients have dropped to record lows and the DOW has risen to record highs.

    MAGA!!!
     
  3. deanrd
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    deanrd Gold Member

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    The majority of jobs lost were automated. They never went anywhere outside the country. They went away.
     
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  4. depotoo
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    depotoo Platinum Member

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    CA779800-9D29-4AE6-96EC-BF1432ED512A.png
     
  5. andaronjim
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    andaronjim Gold Member

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    There is always pain when you have to stop another country from fucking you royally, just look at the Socialists of the Nazi's and Communist Parties. We kicked their asses , lost a lot of good men, spent tons of money and equipment, but the world was better for it. Once China gets their act together, because their economy is doing worse, they will come to the bargaining table, and then the President can work with them. Only stupid welfare pukes bitch about the economy because their foodstamps dont go as far...
     
  6. Erinwltr
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    Erinwltr Gold Member

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    "A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change." Does not look good. Thanks for the link.
     
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