For all you liberal desk cowboys who spend 8 hours a day pontificating from their desk (you know who you are), there is an entire segment of industry you probably have never seen. It is time for you to open your eyes.
http://money.cnn.com/2015/11/02/news/economy/us-manufacturing-ism-index/index.html?iid=hp-stack-dom
What happens in manufacturing is often seen as a leading indicator of U.S. recessions. It's an alarming sign when it starts to look queasy.
On Monday, the ISM Manufacturing Index -- the official thermometer of the U.S. manufacturing sector since 1915 -- declined for a fourth straight month.
It came in with a reading of 50.1. That's just above the red flag zone. Anything below 50 would signal a manufacturing contraction.
The hit to manufacturing is due to three reasons:
1. The dramatic plunge in oil prices
2. The sluggish global economy
3. The strong U.S. dollar
http://money.cnn.com/2015/11/02/news/economy/us-manufacturing-ism-index/index.html?iid=hp-stack-dom
What happens in manufacturing is often seen as a leading indicator of U.S. recessions. It's an alarming sign when it starts to look queasy.
On Monday, the ISM Manufacturing Index -- the official thermometer of the U.S. manufacturing sector since 1915 -- declined for a fourth straight month.
It came in with a reading of 50.1. That's just above the red flag zone. Anything below 50 would signal a manufacturing contraction.
The hit to manufacturing is due to three reasons:
1. The dramatic plunge in oil prices
2. The sluggish global economy
3. The strong U.S. dollar
