November manufacturing decline causes worry
Posted by scapozzola on 12/04/2012
As we reported yesterday, the Institute of Supply Management's monthly indicator on the U.S. manufacturing sector fell to 49.5 in November, the lowest level since July 2009.
Reaction was widespread, with the Wall Street Journal expressing concern:
American manufacturing contracted in November for the first time in three months as factories throttled back hiring and investment amid uncertainty about the U.S. economy and budget policies.
CNN Money speculated that U.S. manufacturing activity "came to a standstill" in November.
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