Results 1 to 3 of 3

Thread: CNBC: Manufacturing Sector Contracts for First Time in a Decade

  1. #1
    Moderator DraftBoy's Avatar
    Join Date
    Jul 2002
    Location
    Atlanta
    Posts
    92,400
    Thanks
    4,052
    Thanked 18,006 Times in 10,126 Posts
    Power to Give Rep
    236

    CNBC: Manufacturing Sector Contracts for First Time in a Decade

    https://www.cnbc.com/2019/08/22/manu...hs-markit.html

    U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.

    The U.S. manufacturing PMI (purchasing managers’ index) was 49.9 in August, down from 50.4 in July and below the neutral 50.0 threshold for the first time since September 2009, according to IHS Markit.

    Any reading below 50 signals a contraction. The survey is an initial reading for the month of August. The final figure will be released Sept. 3.

    “Manufacturing companies continued to feel the impact of slowing global economic conditions,” Tim Moore, economics associate director at Markit, said in a statement Thursday. “August’s survey data provides a clear signal that economic growth has continued to soften in the third quarter.”

    Manufacturing had been one of the big winners during the Trump administration, but the tit-for-tat tariffs in the U.S.-China trade war have taken a big bite from the sector. U.S. manufacturing activity slowed to a nearly three-year low in July, based on data from the Institute for Supply Management.
    COMING SOON...
    Quote Originally Posted by Dr.Lecter
    We were both drunk and Hillary did not look that bad at 2 AM, I swear!!!!!!

  2. #2
    Acid Douching Asswipe OpIv37's Avatar
    Join Date
    Sep 2002
    Location
    Baltimore, MD
    Posts
    87,336
    Thanks
    9,711
    Thanked 18,217 Times in 9,060 Posts
    Power to Give Rep
    245

    Re: CNBC: Manufacturing Sector Contracts for First Time in a Decade

    Tired of winning yet?

  3. Post thanked by:

    notacon (08-23-2019)

  4. #3
    Registered User
    Join Date
    Aug 2012
    Posts
    15,809
    Thanks
    10,068
    Thanked 6,805 Times in 4,204 Posts
    Power to Give Rep
    41

    Re: CNBC: Manufacturing Sector Contracts for First Time in a Decade

    Of course it is. And it's ALLL Trump's fault.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •