Dana7360
Diamond Member
- Aug 6, 2014
- 15,147
- 13,596
- 2,405
I posted about manufacturing contracting last month.
Things are getting worse.
It's causing the stock market to drop over 500 points as of right now. Hopefully it will recover some of the losses.
This is another one of the red flags of the economy. Not many of the indicators are in positive territory.
trump's tariff war and other very unwise economic polices are destroying the good and somewhat stable economy Obama handed him.
Manufacturing activity falls to worst level in a decade
The September decline was led by a sharp drop in three of its five sub-components: new sales orders, which fell to 40.7 points; purchasing inventories, which declined to 39.6 points; and business activity, which fell to 39.3 points. This was the lowest level for the business activity index in a year and the lowest level for inventories in a decade
Things are getting worse.
It's causing the stock market to drop over 500 points as of right now. Hopefully it will recover some of the losses.
This is another one of the red flags of the economy. Not many of the indicators are in positive territory.
trump's tariff war and other very unwise economic polices are destroying the good and somewhat stable economy Obama handed him.
Manufacturing activity falls to worst level in a decade
The September decline was led by a sharp drop in three of its five sub-components: new sales orders, which fell to 40.7 points; purchasing inventories, which declined to 39.6 points; and business activity, which fell to 39.3 points. This was the lowest level for the business activity index in a year and the lowest level for inventories in a decade