NEW YORK (Reuters) – U.S. factory activity contracted sharply in October, falling to its lowest in 26 years as the financial crisis ravaged the world's largest economy and its trading partners around the globe.
From the Institute of Supply Management:
(Tempe, Arizona) — Economic activity in the manufacturing sector failed to grow in October for the third consecutive month, and the overall economy concluded 83 consecutive months of growth, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.
Amazing that we had 83 consecutive months of economic growth. It makes the 84th the more striking.
No comments:
Post a Comment