Manufacturing falling at fastest pace in 27 years

3 posts / 0 new
Last post
krogoth's picture
krogoth
Status: Platinum Member (Offline)
Joined: Aug 18 2008
Posts: 576
Manufacturing falling at fastest pace in 27 years

Manufacturing falling at fastest pace in 27 years

By Rex Nutting
Last update: 10:11 a.m. EST Dec. 1, 2008
WASHINGTON (MarketWatch) -- Manufacturing activity in the United States declined at the fastest pace in 27 years in November, the Institute for Supply Management reported Monday. The ISM index fell to 36.2% in November from 38.9% in October. It's the lowest since early 1982. Economists were expecting the ISM index to fall to 37%. Readings under 50% indicate most firms reported worsening conditions. The new orders index fell to 27.9%, the lowest since 1980. The prices paid index fell to 25.5%. (This is an update to correct an historical comparison.) End of Story
Rob Z's picture
Rob Z
Status: Bronze Member (Offline)
Joined: Nov 30 2008
Posts: 49
Re: Manufacturing falling at fastest pace in 27 years

Didn't know we had enough Manufacturing to bother keeping statistics. What is it that caused the decline... Movies or Big Mac sales?

krogoth's picture
krogoth
Status: Platinum Member (Offline)
Joined: Aug 18 2008
Posts: 576
Re: Manufacturing falling at fastest pace in 27 years

Actually it's directly tied to the new Brittany Spears album

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments