SME Times is powered by   
Search News
Just in:   • MSME Ministry signs MoU with IORA member countries  • Negative global cues, disappointing results drag equities lower  • China GDP falls to 26-year low  • Nothing could be more British than Tata's Jaguar: May  • 'Low tariff an opportunity for Jio to fine-tune network' 
Last updated: 27 Sep, 2014  

US Flag THMB US manufacturing sector contracts in Nov

US Flag
   Top Stories
» MSME Ministry signs MoU with IORA member countries
» 'India can boost exports by $5.5 bn by cutting trade costs'
» Govt clears six FDI proposals worth Rs 1,186.50 cr
» Govt to introduce Aadhaar-based digital payment soon: Prasad
» Regional flights under new scheme from February: Minister
IANS | 04 Dec, 2012
The US manufacturing sector contracted in November after two consecutive monthly increases, a troubling sign for the economic recovery, a leading industry survey showed.

The US Institute of Supply Management (ISM) said the manufacturing index, also known as the purchasing managers index (PMI), dropped from the estimated 51.7 percent in October to 49.5 percent in November, the lowest level since July 2009, reported Xinhua.

A reading above 50 percent indicates that the manufacturing sector is generally expanding, while a reading below 50 percent indicates contraction.

The new orders index registered 50.3 percent for the month, a decrease of 3.9 percentage points from October, indicating slower growth in new orders.

Of the 18 manufacturing industries, only six reported growth last month, including petroleum and coal products, and electrical equipment. Eleven industries reported contraction, including primary metals, wood products and machinery, said the ISM.

Manufacturing has been a bright spot in output and employment since the recession ended in June 2009. But the sector has shown signs of weakening in recent months.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
68.65
67.00
UK Pound
86.50
83.75
Euro
72.45
70.00
Japanese Yen 58.75 56.85
As on 21 Jan, 2017
  Daily Poll
Do you see a corporate tax cut in coming Budget?
 Yes
 No
 Can't say
  Commented Stories
» Reforms hold key to growth(19)
» Starting an import export business: Basic guide for beginners(4)
» 'Worse is yet to come'; Manmohan takes on Modi(3)
» Will India and China fight a war again?(1)
» Govt mulls 'Online Udyog Aadhaar Form' to ease SME registration(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter