- Reaction score
- 2,252
Wondering why stocks just reversed down?
US manufacturing survey shows worst reading in a decade
https://www.cnbc.com/2019/10/01/us-manufacturing-economy-contracts-to-worst-level-in-a-decade.html
US manufacturing survey shows worst reading in a decade
KEY POINTS
The ISM U.S. manufacturing Purchasing Managers’ Index plunged to 47.8% in September, the lowest since June 2009.
This marks the second consecutive month of contraction.
The ISM employment gauge for the sector dropped to the lowest since January 2016.
https://www.cnbc.com/2019/10/01/us-manufacturing-economy-contracts-to-worst-level-in-a-decade.html