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U.S. Factory Activity Slides for Fourth Straight Month

U.S. factory activity declined for the fourth straight month in July as weakening demand and ongoing trade anxiety weighed on manufacturers. The nation’s leading factory index, the PMI, fell to its lowest point since 2016, dropping by 0.5 percent to a level of 51.2. “This is the fourth straight month of PMI decline without any…

August 1, 2019 Leave a commentFeatured, Featured Articles, FeaturesBy Barbara Jorgensen

U.S. Manufacturing Regains Lost Ground in March

A gauge of U.S. factory activity topped estimates in March, rebounding from a two-year low on strength in employment, new orders and manufacturing production. The Institute for Supply Management’s PMI reached 55.3 percent in March, a 1.1 percent increase from the prior month. Any number above 50 indicates manufacturing expansion. March made up for ground…

April 1, 2019 Leave a commentFeatured, Featured Articles, FeaturesBy Barbara Jorgensen