DJIA27882.91
LIVE-26.69(-0.10%)
NDX8354.29
LIVE-8.45(-0.10%)

U.S. Manufacturing Sector Weakens Further in November - ISM


Monday, 2 December 2019 22:18 WIB

ISMISM ASISM Manufacturing PMI


c_740_198_16777215_00_images_assets_Graph_US-Factory-Manufacturing.jpg

The Institute for Supply Management said its manufacturing index sank to 48.1% in November from 48.3% in October. Economists surveyed by MarketWatch had forecast the index to total 49.2%.

Readings below 50% indicate business conditions are getting worse.

The indexes measuring new orders and employment both weakened in November.

“Global trade remains the most significant cross-industry issue,” said Timothy Fiore, chair of the ISM's manufacturing business survey committee.

Weak export growth and caution among business leaders is hitting the manufacturing sector hard. There had been hope that manufacturing was stabilizing but today’s data throws that theory into questions.

Stocks turned negative after the ISM report with the Dow Jones Industrial Average down 132 points and the S&P 500 Index down 10 points in early morning trading.

Source : Marketwatch


RELATED NEWS

  • U.K. GDP was flat in the three months ending October, the Office for National Statistics said Tuesday. There were increases across the services sector, offset by falls in manufacturing with factories...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.