Manufacturing at lowest point in a decade.

[pyetro]

The ISM manufacturing Index fell to its lowest point since 2009

MAGA.

U.S. manufacturers experience worst month since 2007-2009 Great Recession, ISM finds

 

[Remodeling Maidiac]

Not good.

Hopefully a one off

 

[Augustine_]

Not good.

Hopefully a one off

2nd President without 3% GDP growth

 

[Harpy Eagle]

Not good.

Hopefully a one off

The bad news is that it is a trend going on since the middle of 2018.

 

[RealDave]

Winnning!!!!! Winning!!!!!!

 

[g5000]

Yet another consequence of Trump's idiotic trade war.

US manufacturing survey shows worst reading in a decade

“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.

 

[g5000]

Trump targets 'pathetic' Federal Reserve after worst manufacturing reading in a decade

As his trade war with China rages on, Trump has repeatedly blamed the Fed’s interest rate policy for concerns about a slowing U.S. economy. He has contended the central bank has not moved quickly enough to ease monetary policy — though the Fed has cut its benchmark funds rate twice this year.


The stench of Trump's hypocrisy: Trump Claims Yellen Is Holding Rates Low to Aid Obama

 

[lennypartiv]

The ISM manufacturing Index fell to its lowest point since 2009
MAGA.
U.S. manufacturers experience worst month since 2007-2009 Great Recession, ISM finds

Maybe US companies are still sending those jobs overseas because of unreasonable demands made by unions.

 

[Coyote]

The ISM manufacturing Index fell to its lowest point since 2009
MAGA.
U.S. manufacturers experience worst month since 2007-2009 Great Recession, ISM finds

Maybe US companies are still sending those jobs overseas because of unreasonable demands made by unions.

Unions have been greatly weakened in tbe US and unfortunately, that is one of the reasons we Area
So experiencing an ever widening wealth gap. MAGA.

 

[g5000]

Here is the ISM report: Institute for Supply Management | Established in 1915

No one in that report blames the Fed or the strong dollar. Trump is simply chock full of shit.

Some direct quotes:

“Continued softening in the global automotive market. Trade-war impacts also have localized effects, particularly in select export markets. Seeing warehouses filling again after what appeared to be a short reduction of demand.” (Chemical Products)

“Chinese tariffs going up are hurting our business. Most of the materials are not made in the U.S. and made only in China.” (Food, Beverage & Tobacco Products)

“We have seen a reduction in sales orders and, therefore, a lower demand for products we order. We have also reduced our workforce by 10 percent.” (Plastics & Rubber Products)

“Economy seems to be softening. The tariffs have caused much confusion in the industry.” (Electrical Equipment, Appliances & Components)

 

[g5000]

Trump started his idiotic trad war in January 2018. Note when the PMI begins its plunge. That's the same time the Dow's 9 year steady climb came to a screeching halt.

What a dumb fuck.

 

[Staidhup]

The worlds economy is entering a recessionary period which is reflected in the decline of manufacturing worldwide. Europe is a mess, has been for several years, with Asia and India’s economies showing signs of weakness.
One should expect deflationary pressure to follow.

 

[Staidhup]

To indicate that America’s trade dispute with China as the basis for the worlds decline in manufacturing is absurd.