Posted on 01/04/2016 8:55:17 AM PST by tcrlaf
Manufacturing activity in the U.S. contracted at the fastest pace since July 2009 in December, dampening optimism over the strength of the economy and adding to uncertainty as to how fast the Federal Reserve will raise interest rates next year, industry data showed on Monday.
In a report, the Institute for Supply Management said its index of purchasing managers fell to 48.2 last month from a reading of 48.6 in November. Analysts had expected the manufacturing PMI to inch up to 49.0 in December.
The New Orders Index registered 49.2, an increase of 0.3 points from the reading of 48.9 in November. The Production Index registered 49.8, 0.6 points higher than the November reading of 49.2.
The Employment Index registered 48.1, 3.2 points below the November reading of 51.3. The Prices Index registered 33.5, a decrease of 2.0 points from the November reading of 35.5.
On the index, a reading above 50.0 indicates industry expansion, below indicates contraction.
(Excerpt) Read more at investing.com ...
We are finally seeing how much the energy industry was carrying the economy these past 5 years.
Plus Obamacare kicking in ever higher costs.
Not to worry — 2016 will be the Summer of Revocery
2016 will be a year of recession for Brazil also, like 2015. Russia is not doing well.
I don’t know how India is doing, but with China declining, that is most of the BRICs.
Yay! And with only 5% unemployment!
Summer of Recovery! The wonderful work of the DNC and the GOPe!
Unexpected!
Sorta reinforces why Trump’s message of “Make America Great Again” resonates among so many.
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