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Mon Dec 2, 2019, 02:46 PM

US Manufacturing Contracts for Fourth Straight Month as Trade War Drags On

BY NIV ELIS - 12/02/19 12:13 PM EST 518

The U.S. manufacturing sector contracted for a fourth consecutive month in November, according to industry figures released Monday by the Institute for Supply Management (ISM).

The ISM's Production Manufacturing Index measured 48.1 percent, compared with October's 48.3 percent. Any readings below 50 percent indicate contraction.

New orders and employment were down, as were inventories and new exports. Measures for production and supplier deliveries also fell below the 50 percent threshold but showed improvements from October.

While the overall U.S. economy remains strong — with low unemployment and robust consumer spending — the weak spot in manufacturing could pose a challenge for President Trump as he seeks reelection next year.

In 2016, Trump promised to rehabilitate the manufacturing sector, but a major roadblock to achieving that has been the president's year-plus trade war with China.

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https://thehill.com/policy/finance/economy/472603-us-manufacturing-contracts-for-fourth-straight-month-as-trade-war

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Reply US Manufacturing Contracts for Fourth Straight Month as Trade War Drags On (Original post)
RCW2014 Dec 2 OP
quad489 Dec 2 #1

Response to RCW2014 (Original post)

Mon Dec 2, 2019, 03:39 PM

1. ''year-plus trade war with China''...it's about time a POTUS stood up to those human rights abusers.

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