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September Slip: Markets Pounded Amid Factory Fears
FOX Business ^ | September 01, 2015 | Victoria Craig

Posted on 09/01/2015 2:06:43 PM PDT by BenLurkin

·In the U.S., a gauge on factory activity from the Institute for Supply Management saw a bigger-than-expected drop in August to 51.1 from 52.7 in July. Wall Street anticipated a shallower drop to 52.6. The reading, though still in expansion territory, was the lowest since May 2013.

The global picture wasn’t much better, and is what helped drive the selloff in world markets.

Overnight, data from China showed the nation’s manufacturing sector slipped to a three-year low and back into contraction territory for the first time in six months, though mostly in-line with expectations, while the services sector also showed weakness.

The data suggest a major theme of either moderate gains or declines across the board, according toIHS U.S. Economist Michael Montogmery’s Tuesday research note.

“Almost all of the world manufacturing powerhouses are nestled between 47 and 53 with the eurozone the best example of strength and China the poster child for manufacturing struggling,” he wrote. “U.S. manufacturing is somewhere in the upper third or that range, but no longer the locomotive as it digests bad foreign trade prospects and holding too much inventory in the system.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy
KEYWORDS: stockmarket

1 posted on 09/01/2015 2:06:44 PM PDT by BenLurkin
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To: BenLurkin

We still have factories ?


2 posted on 09/01/2015 2:07:52 PM PDT by stephenjohnbanker (My Batting Average( 1,000) (GOPe is that easy to read))
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To: stephenjohnbanker

That was my first thought also!!!


3 posted on 09/01/2015 2:09:28 PM PDT by RetiredArmy (It is about THE CROSS. It has always been and always will be about the CROSS!!!)
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To: BenLurkin

UNEXPECTED


4 posted on 09/01/2015 2:14:12 PM PDT by datura
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To: stephenjohnbanker
yup... they're called illegal alien baby factories, and are cranking out kids as fast as they can
5 posted on 09/01/2015 3:02:48 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY)
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To: Chode

24/7/365


6 posted on 09/01/2015 3:19:41 PM PDT by stephenjohnbanker (My Batting Average( 1,000) (GOPe is that easy to read))
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To: BenLurkin

:There is nothing to fear but fear itself”

Okay, I feel pretty fearful about now.


7 posted on 09/01/2015 3:20:54 PM PDT by broken_arrow1 (I regret that I have but one life to give for my country - Nathan Hale "Patriot")
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To: BenLurkin

With all this talk of Sept 23rd, will the Dow go down 923?


8 posted on 09/01/2015 4:48:09 PM PDT by grumpygresh (We don't have Democrats and Republicans, we have the Faustian uni-party)
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To: grumpygresh

Why? What is supposed to happen on September 23rd?


9 posted on 09/01/2015 4:49:11 PM PDT by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: stephenjohnbanker

Yes, there are many factories owned by Americans, and most of those factories are on foreign soil. It’s called American manufacturing.


10 posted on 09/01/2015 5:31:02 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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