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Survey: US manufacturing activity shrank in July for 2nd straight month; hiring gauge drops
The Washington Post ^ | August 1, 2012 | AP

Posted on 08/01/2012 8:39:12 AM PDT by John W

WASHINGTON — U.S. manufacturing shrank for the second straight month in July, further evidence of an economy growing at a sluggish pace.

The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its index of manufacturing activity ticked up to 49.8, from 49.7 in June.

The July report also showed factories hired in at a slower pace than June, while new orders declined more slowly. And export orders fell to the lowest level since April 2009, evidence of slower global economic growth.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: 2012issues; bho44; bhoeconomy; manufacturing

1 posted on 08/01/2012 8:39:21 AM PDT by John W
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To: John W

December 2016........

“I did the best I could, the economy continues to improve, but it was all Bush’s fault”


2 posted on 08/01/2012 8:42:05 AM PDT by nascarnation
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To: John W

Wait for it . . . . .

.

.

UNEXPECTED!!!


3 posted on 08/01/2012 8:45:04 AM PDT by freedomlover
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To: nascarnation

“Those businesses? They’re...they’re...they’re just not tryin’ HARD ENOUGH! They’re DELIBERATELY holdin’ back!”


4 posted on 08/01/2012 8:47:31 AM PDT by COBOL2Java (FUMR)
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To: John W
manufacturing is off; consumer spending is off; lending is off; employment is off; exports are off.

The American economy has gone to the mattresses at least until after the election.


5 posted on 08/01/2012 8:51:22 AM PDT by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
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To: John W

Yet we continue to buy imported crap.

More, and more, and more.


6 posted on 08/01/2012 8:51:49 AM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
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To: freedomlover

Government made that happen, not you.


7 posted on 08/01/2012 9:08:29 AM PDT by edcoil (It is not over until I win.)
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To: John W

“The private sector is doing fine.”


8 posted on 08/01/2012 9:11:47 AM PDT by MulberryDraw (That which cannot be paid, won't be paid.)
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To: John W

In this case, Obama can say that “you didn’t build that”.

This is all his.


9 posted on 08/01/2012 9:20:25 AM PDT by VanDeKoik
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To: freedomlover

The Bloomberg headline had the magic word in it but they can’t be posted here.


10 posted on 08/01/2012 10:06:24 AM PDT by John W (Viva Cristo Rey!)
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