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 ...
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?
They’ll blame it on Hurricane Sandy. Watch
Time to pour more money onto the economy and more debt onto the taxpayer. If it doesn’t work it’s because we didn’t do it enough!
unexpectedly? unexpectedly? really? LMAO. ooooooooofah!
Where did you get my portrait?
Wrong, it is the guy with no eyebrows. I am his honcho-in-law (we also have same sex marriages).
been hearin that for 4 years
Just the same as the ratification of the 22nd Amendment did not apply to the then-sitting President, Truman, the repeal of it would not apply to Obama.
Y-you mean those drops in unemployment rates were bogus?
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