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Strategies & Market Trends : Turnarund Investing

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From: KirbyJF1	7/2/2012 1:00:05 PM
	of 1876

Manufacturing Slowdown Reaches U.S. The global slowdown is hitting U.S. manufacturers hard, threatening a key pillar of the recovery and fueling fears the economy is heading for a stall for the third year in a row. New figures Monday provided the latest proof that Europe's debt and banking woes and disappointing growth in China and around the globe are crimping activity in the U.S. manufacturing sector, which has been a big driver of the economic recovery that began in mid-2009. Other reports have suggested U.S. exports were much weaker than originally thought earlier this year and that corporate profits from abroad are now shrinking instead of growing. The Institute for Supply Management's index of U.S. manufacturing activity, based on surveys of purchasing managers across the country, dropped to 49.7 in June from 53.5 in May—the first signal of slowing activity since July 2009. Readings below 50 indicate contracting activity. Economists had expected a more modest drop to 52. Kirby

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