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Author Topic: US manufacturing survey shows worst reading in a decade  (Read 57 times)

Offline Olde Hornet

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US manufacturing survey shows worst reading in a decade
« on: October 01, 2019, 04:17:12 PM »
US manufacturing survey shows worst reading in a decade

KEY POINTS
The ISM U.S. manufacturing purchasing managers’ index came in at 47.8% in September, the lowest since June 2009.
This marks the second consecutive month of contraction.
The new export orders index tanked to only 41%, the lowest level since March 2009.

https://www.cnbc.com/2019/10/01/us-manufacturing-economy-contracts-to-worst-level-in-a-decade.html

A gauge of U.S. manufacturing showed the lowest reading in more than 10 years in September as exports dived amid the escalated trade war.

The U.S. manufacturing purchasing managers’ index from the Institute for Supply Management came in at 47.8% in September, the lowest since June 2009, marking the second consecutive month of contraction. Any figure below 50% signals a contraction.

The new export orders index was only 41%, the lowest level since March 2009, down from the August reading of 43.3%, ISM data showed.

“We have now tariffed our way into a manufacturing recession in the U.S. and globally,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group.
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Online ‘87 Alum

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Re: US manufacturing survey shows worst reading in a decade
« Reply #1 on: October 01, 2019, 04:23:16 PM »
Yet this jackass will take full credit when the numbers are in his favor; but will throw folks under the bus when the numbers fail to meet expectations.


Offline Strike79

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Re: US manufacturing survey shows worst reading in a decade
« Reply #2 on: October 01, 2019, 05:27:34 PM »
^^^and Alum, this is the way its been ever since this creep was sworn in back in January, 2017.

Without a doubt, this dude is the biggest FRAUD and CON MAN ever to step foot in the Oval Office.   :no:

Offline Cats4ever

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Re: US manufacturing survey shows worst reading in a decade
« Reply #3 on: October 01, 2019, 07:46:36 PM »
Quote
The new export orders index tanked to only 41%, the lowest level since March 2009.
If the fool is funking with everyone in the world, what does he believe will happen with exports? :vomit: :vomit: He has to understand people do not have to purchase your products if you want to slap taxes on theirs.
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