US factory activity fell in November to its weakest since 1982, according to an industry report released on Monday.
The Institute for Supply Management said its index of national factory activity fell to 36.2 in November from 38.9 in October, below economists' median forecast for a reading of 37.0.
A reading below 50 indicates contraction in the sector.
The Institute for Supply Management said its index of national factory activity fell to 36.2 in November from 38.9 in October, below economists' median forecast for a reading of 37.0.
A reading below 50 indicates contraction in the sector.
.
(Source: BT 1 Dec 08)
No comments:
Post a Comment