TV News LIES

Thursday, Mar 21st

Last update05:20:13 AM GMT

You are here News Economy Key reading of the manufacturing sector falls to lowest level in more than 2 years

Key reading of the manufacturing sector falls to lowest level in more than 2 years

E-mail Print PDF
US manufacturing at lowest point in last three years

Activity in the U.S. manufacturing sector expanded at a much slower pace than expected last month, according to the Institute for Supply Management.

The ISM manufacturing index fell to 54.1 in December, its lowest level since November 2016. Economists polled by Refinitiv expected the index to slip to 57.9 in December, down from 59.3 in November.

“Comments from the panel reflect continued expanding business strength, but at much lower levels,” said Timothy Fiore, chair of the Institute for Supply Management, in statement. “Demand softened, with the New Orders Index retreating to recent low levels, the Customers’ Inventories Index remaining too low — a positive heading into the first quarter of 2019 — and the Backlog of Orders declining to a zero-expansion level.”

More...


Most Recent Related Stories...


National debt surpasses $22T for first time in U.S. history

National debt tops $5T for first time The gross national debt surpassed $22 trillion for the first time in U.S. history, according...

Hustle, the Political Text Messaging Service, Fires One-Third of Its Staff

Hustle, Campaign text messaging service, fires one third of staff Hustle Inc., a text messaging startup that worked with more than 1,300 Democratic campaigns in the...

Government shutdown costs the economy $11 billion, significantly dings Q1 GDP growth, CBO estimates

CBOThe 35-day government shutdown wiped out $11 billion in economic activity, most of which will be...

Trump supporter eyes moving factory to Mexico over tariffs

EBW Electronics may move to MexicoA supporter of President Trump is considering moving his company's production headquarters to Mexico in an...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!