Economic data: Bad economic outlook: US purchasing managers' index drops surprisingly

Economic data: Bad economic outlook: US purchasing managers' index drops surprisingly

       Economic data Bad economic outlook: US purchasing managers’ index down surprisingly The mood among American purchasing managers continues to deteriorate – experts had expected the opposite. Construction expenses are also falling. Share article by: Share article by: The downward spiral of the US industry has surprisingly accelerated. The PMI declined to 48 in November, 1 point from 48, 3 points in the previous month, the fourth time in a row, as from a company survey published on Monday of the Institute for Supply Management (ISM). By contrast, economists surveyed by Reuters had expected an increase to 49, 2 meters. The barometer signals growth above 50 points. Meanwhile, construction spending in the US has also lost momentum. They fell 0.8 percent in October, according to the Department of Commerce in Washington. Experts had expected an increase of 0.4 percent. The stock exchanges were sensitive to the news. In midday trading, the US benchmark index Dow Jones lost about 0.7 percent. The newly announced punitive tariffs of the USA on steel from South America also had a negative impact. Share article by: Share article by: © Handelsblatt GmbH – All rights reserved. Acquire usage rights?          Services offered by our partners       
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