Manufacturing Unexpectedly Contracts in November

FoxBusiness.com ^ | 12/3/2012 | Reuters

[mykroar]

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.

[Blood of Tyrants]

Only unexpected for the Obama Kool-Aide drinkers.

[Iron Munro]

Unexpected by whom?

Not unexpected here at Free Reppublic.

[kinsman redeemer]

...I didn't see that coming. I would even venture to say it was
unexpected!

[Las Vegas Ron]

My liver isn’t going to make it for another four years.

LOL!!!! Ain't that the truth!

[dfwgator]

[Uncle Miltie]

I sold tons of stock the day after the election.

“Unexpectedly” my a$$.

[Cletus.D.Yokel]

:: 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....

[Cato in PA]

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.

[Cheerio]

Won't need to ignore the Constituitin, although he will.

“Will George W. Bush end up being the last true US President?” asked Sher Zieve, writing for the Canadian Free Press on January 14. “As I warned you on multiple times prior to the 2008 General Election, ‘once Obama is elected, we won’t be able to get rid of him.’ Tragically, this warning is now being realized. Not only has Obama established his election-fraud organization — ACORN — nationwide, his adherents have now begun the process to repeal the US Constitution’s 22nd Amendment.”

[SoFloFreeper]

[1rudeboy]

IOW, American Industry is under-utilized by half.

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.

[FerociousRabbit]

I am going to become an economist. Is there any other profession where you are paid to be wrong 100% of the time?

[Cletus.D.Yokel]

Thanks for the “unexpected” correction.

...(now, where’d I leave my bourbon?)...

[BlueStateRightist]

“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.

[TexasFreeper2009]

four more years of the “unexpected”

DRINK!

[Scotswife]

What we really need now is a higher tax rate, a lower AMT trigger, and a super expensive government takeover of healthcare

[The Antiyuppie]

“Unexpectedly “

After a mysterious absence in the September-November time frame, it reappears!!!!

[Smokin' Joe]

Well, he who doesn’t expect anything isn’t likely to be disappointed.

[FerociousRabbit]

I stand corrected!

[AFPhys]

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.