Manufacturing Shows First Contraction In 7 Months

While the pace of the economic recovery has been uneven, manufacturing has suffered it’s first contraction after seven months of growth. The Institute For Supply Management Index fell to 49.0 from what was expected to be 50.7 level. The same index was expected to equal the 50.7 level of April.  These problems were viewed by experts as not entirely having consequences linked to the budget problems in Washington, but also related heavily to less disposable income among consumers and other factors. Whether this indicates a new trend of economic retreat is yet to be seen.

Related Posts Plugin for WordPress, Blogger...