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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
I really would like to see more details in terms of the sectors being affected. Which part of ‘manufacturing’ is suffering vs. what’s doing well…
For example, chip making seems okay while I imagine that construction related industries might struggle? Do we have that data somewhere in the ISM ?