Economic Indicators point Down in November

December 2008
Metal Center News;Dec2008, Vol. 48 Issue 13, p81
Trade Publication
The article reports on how economic activity in the U.S. manufacturing sector fared in November 2008. Manufacturing contracted in the period has declined to 36.2 percent, 2.7 percentage points lower than the 38.9 percent reported in October. This shows that the manufacturing economy is generally contracting. If the Purchasing Managers Index (PMI) for the period is annualized, it corresponds to a 1.5 percent decrease in real gross domestic product (GDP) annually.


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