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 ...
My liver isn’t going to make it for another four years.
Obama is a sham, yet many of the same idiots that voted for him returned him for a second round of raping America.
WORST reading since July 2009!
Not according to the Obama Economy cheerleaders on CNBC. LOL
Doh! Our new orders stopped the day after the election!
Buy some Pepsi. They quit using that cockamamie Semtyx where aborted baby kidney cell cultures were supposed to be able to tell them, sans taste test, how good their colas were. Reward them for seeing the light.
At least this showed up while the tax debates between the House and the Rats are still raging.
Why, a great big fat TAX INCREASE, that's what!!!!
C'mon, everybody - sing along with me: "Happy Days are here again, the skies above are clear again...."
Is it the guy with the FOUR arms. Just a guess you know.
Beat me to it.
Specially a tax increase focused on little businesses! Hey get with the programs, get those misers off their dimes!
These Rats have the cheek of a girl who murdered her parents then went begging for mercy as an orphan.
***...in a sign the sector may be struggling to gain traction,...***
‘May’ be struggling?? As if we’re not really sure...could be other factors involved...could be Paul Ryan...
“Why, a great big fat TAX INCREASE, that’s what!!!!”
Hey, if the Democrats can supply that, and the Republicans can supply a World Free Trade Agreement so that labor costs are comparable in the US, Uganda and Uruguay, we will be sitting pretty.
Totally. No one saw this coming.... /s
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.
Funny how 99% of us on FR can predict stuff that surprises the LSM....
You have no idea. I am someone with a background that I can relate to a number of industries. People tell me things and I see no good news. Maybe I'll post to you privately later for the 411....
The most recent. A friend asked a restauranteur ( with many store-fronts if you will ) what are you doing after 12/31? The response was I will be the only full time employee, everyone else 28 hrs. He also said I worked to hard to get all this, I am not playing his games...
Who are they kidding?
You could also go into weather forecasting....
GREGORY: When you look at the economy overall, growth at 2.7 percent last quarter. How does the-- the economy get out of this slump? What is our economy doing well right now? What are we not doing as well as a country to deal with our economy?
MR. GEITHNER: Good question. The economy now is actually looking quite resilient. If you look at whats happening in energy, enormous boom. In agriculture, even with the drought, youre seeing incredible levels of income to farmers, which is really welcome. In manufacturing, one of the strongest periods in manufacturing revival that weve seen in almost a generation, not just in autos, and not just in high tech, but comprehensibly across that. Were showing American companies very competitive, very resilient, and companies are bringing back production from China and Mexico because this is looking like a much stronger country in which to invest and build. Thats-- those are very encouraging signs for the American economy. And the people running Americas businesses would say theyre in the strongest position theyve been in maybe a decade in terms of the ability they have to expand and grow. And if we are able to lift this threat of big tax increases on middle class Americans, lift this threat of periodic threats of default, lift this threat of badly designed deep-- the severe austerity on the spending side up front; then I think theres enormous potential for the American economy to grow faster going forward. And thats what the president heard from the leaders of Americas businesses this week.
This is a problem for the dims. They are planning on blaming the coming recession on failed fiscal talks and the GOP taking us off the cliff. It’s clear we are already in a contracting economy because the Obama Plan has failed.
The presstitues will have to do some serious tap dancing now to clean up this mess.
You have no idea. I am someone with a background that I can relate to a number of industries.
I have heard the same from a CPA who has many small business clients. Kenyancare is going break hard.
This unexpected news is surely unexpectedly unexpected!
Anyone know when the revised revision of the revision comes out?