NEW YORK (Reuters) - Manufacturing shrank at its sharpest clip in more than three years in August, the third month of contraction in a row, and firms hired the fewest workers since late 2009, a survey on Tuesday showed.
Stories Related to Manufacturing Sector Shrinks For Third Straight Month: Ism
Reuters: Top News, Reuters
Tue, 09/04/2012 - 7:05am
Topics: economy manufacturing u.s. economy
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The malaise that has loomed over the manufacturing sector for the better part of the past two years seems like it will continue, according to one economist.
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A persistent slump in US manufacturing extended into a seventh straight month in October, according to survey data published Friday, with weak demand deepening the contraction.
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US manufacturing activity shrank in October for a seventh month to the lowest reading since July 2023, dragged down by a drop in production and shrinking inventories.
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