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US Factory Recession Rolls Into Second Year With Election Looming
The US manufacturing sector just spent another month in contraction. "Breaking news," I know.
No one expected anything different from Tuesday's update on America's marquee gauge of factory activity, which printed 47.2 on the headline, slightly below consensus and unchanged from the prior month.
September marked a sixth straight month below the 50 demarcation line and a 23rd in 24. So, US manufacturing's mired in what, by now, is a two-year-old recession. You don't hear much about that on the c
