Thursday, October 1, 2015

Manufacturing Slowdown Reaches U.S.

The global slowdown in manufacturing has reached the U.S., with a PMI of 50.2 indicating no more than a slight expansion in manufacturing activity. This is happening in spite of the tightest labor market in nearly a decade. Jason Lange writing at Reuters:

The unusual combination of increasing employment while manufacturing holds steady, essentially the same pattern found in China, lends credence to the idea of a global shift away from manufactured goods.

No comments:

Post a Comment