Monday, November 03, 2008

Manufacturing crash adds to global gloom - Yahoo! News

NEW YORK (Reuters) – Factory activity contracted sharply in October, falling to its lowest in 26 years as the financial crisis ravaged the world's largest economy and its trading partners around the globe.The one bright spot in the report was that its main gauge of inflation, the prices paid measure, recorded its biggest one-month drop ever. This should let the Federal Reserve keep interest rates low to fight off what many fear will be a deep recession.
Manufacturing crash adds to global gloom - Yahoo! News
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