ISM manufacturing index falls to lowest level since 2009
The numbers: American manufacturers posted the biggest contraction in September since the end of the 2007-2009 recession, reflecting a slowdown in the U.S. and global economies made worse by a tense trade war with China.
What happened: Production, employment and inventories all declined in September. The index for new orders actually rose a tick to 47.3%, but it’s still at the weakest level in a decade. “Economy seems to be softening. The tariffs have caused much confusion in the industry,” said an executive at a company that makes electrical equipment.
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