Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

U.S. Manufacturing Sector Contracts  Join our daily free Newsletter

MENAFN - Saudi Press Agency - 04/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Saudi Press Agency) The U.S. manufacturing sector contracted unexpectedly in November, dropping to its lowest level in more than three years in a sign the sector may be struggling to maintain momentum, according to an industry report Monday.

The Institute for Supply Management (ISM) said its index of manufacturing activity fell to 49.5 last month from 51.7 in October. Te reading was below analyst expectations of 51.3.

In the ISM index, a reading below 50 indicates contraction in the manufacturing sector, while a figure above 50 reflects expansion.
In November, the index hit its lowest point since July 2009 and contracted after two consecutive months of growth that followed a weak period over the summer months.

The report‚„s manufacturing employment index fell to 48.4 and was below 50 for the first time since mid-2009. New Orders fell to 50.3 last month from 54.2 in October and were at their lowest since August.

The U.S. manufacturing sector was the key engine of growth following the 2007-2009 Great Recession, but the sector has slowed this year as other parts of the economy gradually have improved.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help