Wednesday, December 10, 2008

BBC NEWS | Business | US factory output plummets again

BBC NEWS | Business | US factory output plummets again

US manufacturing activity fell in November to a fresh 26-year low, the latest figures from the Institute for Supply Management (ISM) have shown.

For the second month in succession, figures have hit lows last seen in 1982, with activity declining to 36.2 in November from 38.9 in October.

Since any figure below 50 indicates a contraction, it is the latest sign that the US economic downturn is worsening.

Levels of new orders were even worse, said ISM, falling to a 28-year low.
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