US MANUFACTURING SINKS TO DECADE-LOW, STOKING ECONOMIC FEAR
Oct 05, 2019
3 minutes
Image: Spencer Platt
U.S. factory activity hit a decade low last month in the face of President Donald Trump’s trade conflicts, adding to a weakening picture of the global economy.
The Institute for Supply Management, an association of purchasing managers, said that its manufacturing index shrank for a second straight month to 47.8% in September, down from 49.1% in August. Any reading below 50 signals that the sector is contracting.
Investors on Wall Street responded by dumping stocks, given that
You’re reading a preview, subscribe to read more.
Start your free 30 days