US manufacturing growth slows to lowest point in two years amid consumer spending decline

[1srelluc]

U.S. manufacturing growth in September slowed to its lowest point in two years, nearing stagnation due to a decline in orders, according to a gauge released on Monday.

The Institute for Supply Management's manufacturing survey showed a nearly 2-point drop to 50.9%, dropping below expectations and reaching the lowest growth since May 2020, according to the data released on Monday. The index shows an order contract for the third time in four months.

Moreover, new orders reached the lowest point since the pandemic, contracting more than 4 points to 47.1%, indicating that consumer spending is declining...

US manufacturing growth slows to lowest point in two years amid consumer spending decline

Remember that stagflation us old farts used to talk about.......Looks like you youngins' are about to experience it firsthand.

 

[shockedcanadian]

U.S. manufacturing growth in September slowed to its lowest point in two years, nearing stagnation due to a decline in orders, according to a gauge released on Monday.

The Institute for Supply Management's manufacturing survey showed a nearly 2-point drop to 50.9%, dropping below expectations and reaching the lowest growth since May 2020, according to the data released on Monday. The index shows an order contract for the third time in four months.

Moreover, new orders reached the lowest point since the pandemic, contracting more than 4 points to 47.1%, indicating that consumer spending is declining...

US manufacturing growth slows to lowest point in two years amid consumer spending decline

Remember that stagflation us old farts used to talk about.......Looks like you youngins' are about to experience it firsthand.

This is where Trumps economy soared: consumer spending. As a nation increases the costs of living for basic needs, including taxes; discretionary income decreases.

On top of Canadas Police State interference, it's why Canadas economy is in shambles, the price of rent, housing etc. cuts deep into peoples incomes. Now add inflation, food prices etc, we have a dead economy, jobs lost, stores shutter up.

 

[JGalt]

Ain't President Biden's and the Democrat's recovery a miraculous thing?

 

[1srelluc]

Ain't President Biden's and the Democrat's recovery a miraculous thing?

Oh ye of little faith....It's transitory in nature.



Play this at the same time.

 

[Mac1958]

Lots of solid data too, but you're not supposed to know about that.

In Normal World economics and markets, one data point is almost meaningless.

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