Skip to comments.Manufacturing Unexpectedly Contracts in November
Posted on 12/03/2012 7:46:33 AM PST by mykroarEdited on 12/03/2012 7:47:28 AM PST by Admin Moderator. [history]
U.S. manufacturing unexpectedly contracted in November, falling to its lowest in over three years in a sign the sector may be struggling to gain traction, according to an industry report released on Monday.
The Institute for Supply Management (ISM) said its index of national factory activity fell to 49.5 in November from 51.7 the month before. The reading was shy of expectations of 51.3, according to a Reuters poll of economists.
(Excerpt) Read more at foxbusiness.com ...
Only unexpected for the Obama Kool-Aide drinkers.
Unexpected by whom?
Not unexpected here at Free Reppublic.
LOL!!!! Ain't that the truth!
I sold tons of stock the day after the election.
“Unexpectedly” my a$$.
:: index of national factory activity fell to 49.5 ::
IOW, American Industry is under-utilized by half.
By liberal-think, this should generate several hundred thousand jobs in December....
Or GEORGE BUSH! Clearly, this is all Bush’s fault! No president could possibly expect to recover from mistakes of such magnitude in only 8 years, so in 2016, we’re just going to have to ignore the Constitution and give Obama 4 more years.
Not really. This ISM number attempts to measure whether economic activity in the manufacturing sector is expanding or contracting.
You are thinking of the "capacity utilization" number, that is calculated by the Federal Reserve, and not the ISM.
I am going to become an economist. Is there any other profession where you are paid to be wrong 100% of the time?
Thanks for the “unexpected” correction.
...(now, where’d I leave my bourbon?)...
“I am going to become an economist. Is there any other profession where you are paid to be wrong 100% of the time?”
Well, yes, you could write articles for the Wall Street Journal about how 2013 is going to be a banner year for economic growth and employment (as they have been doing lately). For that matter, you could be just like most members of the media, including Bob Costas at halftime of football games.
four more years of the “unexpected”
What we really need now is a higher tax rate, a lower AMT trigger, and a super expensive government takeover of healthcare
After a mysterious absence in the September-November time frame, it reappears!!!!
Well, he who doesn’t expect anything isn’t likely to be disappointed.
I stand corrected!
That is a huge miss.
The major layoffs in 2008 occurred after the polls indicated that Obama was the likely winner.
I bet that this is more of the same: companies anticipating a huge hit to business as a result of the next 4 years of anti-business attitude of the Dems - before this time, they had a hope for a more pro-business envirnoment.
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