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NewJeffCT

(56,828 posts)
Tue Oct 1, 2019, 10:51 AM Oct 2019

Manufacturing tanking - Activity hits a 10 year low

you know, back when the US was still recovering from the Great Bush Recession. Are we tired of all this winning yet?


?s=19

text of tweet:

ISM: Manufacturing activity plummeted in September to its weakest reading in 10 years. The sector continues to be challenged by global headwinds and trade uncertainties. The composite index dropped from 49.1 to 47.8, contracting for the 2nd straight month, lowest since June 2009.
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hedda_foil

(16,375 posts)
1. Look at the Exports line (gray). Since September 2018, it's slid from 56 to 41. 9 ... 14 points down
Tue Oct 1, 2019, 10:59 AM
Oct 2019

Even more ominously, it's gone down NINE POINTS just in this most recent quarter.

NewJeffCT

(56,828 posts)
2. The trade deficit has gone up big under Trump
Tue Oct 1, 2019, 11:01 AM
Oct 2019

The last 3 years under Obama, it was a little under $500 billion/year.

Under Trump, it's going to be a little over $600 billion/year for his first 3 years.

Johnny2X2X

(19,066 posts)
3. You beat me to it
Tue Oct 1, 2019, 11:02 AM
Oct 2019

I also just posted a thread on this.

Trade War causing manufacturers to stop expansion.

What Trump is miscalculating is the agility of manufacturing to pick right back up where they left off once he cuts his horrible deal with China. these companies plan years in the future, and these numbers indicate many of them are forgoing expansion and instead will wait it out until an adult is in charge.

NewJeffCT

(56,828 posts)
4. I think you're right
Tue Oct 1, 2019, 11:03 AM
Oct 2019

too many big corporations rely on both buying and selling products internationally.

Wounded Bear

(58,670 posts)
5. Plus loss of market share...customers, once lost, are difficult to get back.
Tue Oct 1, 2019, 11:08 AM
Oct 2019

Looks like manufacturing is feeling what the farmers are. If they do finally figure this out, what happens then? We've trashed years and years of progress. Recovery won't happen in a couple of weeks.

Trump Slump, here we come.

DetlefK

(16,423 posts)
7. I talked to a banker a month ago. She told me, the incoming 2020 recession is already here.
Tue Oct 1, 2019, 11:21 AM
Oct 2019

For years, economists have expected a slight recession in the first half of the 2020s decade. Trump took a bad situation and made it worse and now the recession comes earlier.

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