American manufacturing is in danger of entering a recession
|03/15/2019||Posted by BusinessMediaguide.Com under General World News||
- Manufacturing activity fell during the first couple months of the year.
- As growth slows and trade tensions drag on, the sector could be headed for a recession.
- Manufacturing accounts for about 12% of the US economy.
Manufacturing activity in the US unexpectedly fell for a second straight month in February, underscoring expectations for slower growth across major economies and raising concerns that the sector could be headed for a downturn.
Factory output fell 0.4% last month, Federal Reserve data showed Friday, compared with expectations for a slight increase. In January, manufacturing activity fell 0.5%.
“In other words, a broad-based softening is underway, and read more >>>