For the fourth straight month, US manufacturing slides temper economic growth expectations

US manufacturing production contracted in November for a fourth straight month as new orders fell back to their lowest level since 2012, while infrastructure expenditure plummeted in October, tempering the economy's momentum fanned by a recent run of optimistic results.

Monday (Dec 2) details prompted Atlanta's Federal Reserve Bank to cut its fourth quarter gross domestic product forecast. Only last Wednesday, the Atlanta Fed....

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For the fourth straight month, US manufacturing slides temper economic growth expectations

Published On 06 Dec 2019 10:31 AM

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