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Manufacturing Unexpectedly Contracts in November
FoxBusiness.com ^ | 12/3/2012 | Reuters

Posted on 12/03/2012 7:46:33 AM PST by mykroar

Edited 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 ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: bho44; bhoeconomy; business; manufacturing; ssdilowiqlottoscam; thebellcurve; theresthatwordagain; unexpected; unrespected
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To: mykroar

Surprise!

41 posted on 12/03/2012 9:56:06 AM PST by P.O.E. (Pray for America)
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To: mykroar
Well, Duuuuuuhhhhhh

Funny how 99% of us on FR can predict stuff that surprises the LSM....

42 posted on 12/03/2012 10:14:05 AM PST by GraceG
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To: AFPhys
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.

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...

43 posted on 12/03/2012 10:18:10 AM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: mykroar

Unexpectedly?

Who are they kidding?


44 posted on 12/03/2012 10:21:43 AM PST by metmom (For freedom Christ has set us free; stand firm therefore & do not submit again to a yoke of slavery)
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To: FerociousRabbit
I am going to become an economist. Is there any other profession where you are paid to be wrong 100% of the time?

Meteorology?

You could also go into weather forecasting....

45 posted on 12/03/2012 10:25:21 AM PST by metmom (For freedom Christ has set us free; stand firm therefore & do not submit again to a yoke of slavery)
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To: mykroar
Timothy Geithner yesterday on Meet The Press:

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 what’s happening in energy, enormous boom. In agriculture, even with the drought, you’re seeing incredible levels of income to farmers, which is really welcome. In manufacturing, one of the strongest periods in manufacturing revival that we’ve seen in almost a generation, not just in autos, and not just in high tech, but comprehensibly across that. We’re 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. That’s-- those are very encouraging signs for the American economy. And the people running America’s businesses would say they’re in the strongest position they’ve 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 there’s enormous potential for the American economy to grow faster going forward. And that’s what the president heard from the leaders of America’s businesses this week.

-PJ

46 posted on 12/03/2012 10:35:54 AM PST by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)
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To: FerociousRabbit
Meteorologist?
47 posted on 12/03/2012 10:36:53 AM PST by mykroar (BAD-ANON: One Game At A Time)
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To: AFPhys

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.


48 posted on 12/03/2012 10:43:22 AM PST by lodi90
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To: taildragger

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.


49 posted on 12/03/2012 10:46:37 AM PST by lodi90
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To: Timber Rattler

My, my....
This unexpected news is surely unexpectedly unexpected!

Anyone know when the revised revision of the revision comes out?


50 posted on 12/03/2012 10:52:12 AM PST by tcrlaf (Well, it is what the Sheeple voted for....)
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To: mykroar

They’ll blame it on Hurricane Sandy. Watch


51 posted on 12/03/2012 10:52:12 AM PST by austinaero
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To: mykroar

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!


52 posted on 12/03/2012 10:55:03 AM PST by 1010RD (First, Do No Harm)
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To: mykroar

53 posted on 12/03/2012 11:02:12 AM PST by Jeff Chandler (http://www.youtube.com/watch?v=tpAOwJvTOio)
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To: mykroar
unexpectedly

unexpectedly? unexpectedly? really? LMAO. ooooooooofah!

54 posted on 12/03/2012 11:02:45 AM PST by rockabyebaby (We are sooooooooooooooooooooooooooooooooo screwed!)
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To: P.O.E.

55 posted on 12/03/2012 11:14:47 AM PST by Jeff Chandler (http://www.youtube.com/watch?v=tpAOwJvTOio)
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To: GraceG

Where did you get my portrait?

56 posted on 12/03/2012 11:16:35 AM PST by Jeff Chandler (http://www.youtube.com/watch?v=tpAOwJvTOio)
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To: prof.h.mandingo
Is it the guy with the FOUR arms. Just a guess you know.

Wrong, it is the guy with no eyebrows. I am his honcho-in-law (we also have same sex marriages).

57 posted on 12/03/2012 11:52:22 AM PST by ProudFossil (" I never did give anyone hell. I just told the truth and they thought it was hell." Harry Truman)
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To: mykroar

unexpectedly

been hearin that for 4 years


58 posted on 12/03/2012 11:52:56 AM PST by GeronL (http://asspos.blogspot.com)
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To: Cheerio

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.


59 posted on 12/03/2012 12:04:44 PM PST by MeganC (Our forefathers would be shooting by now.)
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To: mykroar

Y-you mean those drops in unemployment rates were bogus?


60 posted on 12/03/2012 12:15:25 PM PST by Eleutheria5 (End the occupation. Annex today.)
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