US manufacturing contracts to lowest level since 2009

Washington, Dec 2 (IANS) The US manufacturing Index in November contracted to the lowest level since June 2009 when the economy was caught up in the worst financial crisis in decades.

The manufacturing index, also known as the purchasing managers index (PMI), fall to 48.6 in November after registering 50.1 in October, Xinhua cited the Institute for Supply Management (ISM) as saying on Tuesday.

A reading above 50 indicates the sector is generally expanding, while a reading below that level indicates contraction.

The ISM’s new-orders index and the production index decreased while the employment index rose.

The dismal data shows that a strong US dollar and a weak global economy continue constraining factory activities.

Of the 18 manufacturing industries, only five reported growth which included non-metallic mineral products, food and tobacco.

A business survey conducted by the institute showed continued concerns about less demand from China and European markets were affecting the US business.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here