Free Markets, Free People


US manufacturing slows for first time in 3 years

A report out today says:

U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening.

Production declined, and the number of new orders plunged, according to a monthly report released Monday by the Institute for Supply Management.

The slowdown comes as U.S. employers have scaled back hiring, consumers have turned more cautious, Europe faces a recession and manufacturing has slowed in big countries like China.

"This is not good," said Dan Greenhaus, chief economic strategist at BTIG, an institutional brokerage. Though the report "does not mean recession for the broader economy, it is still a terribly weak number."

But the “private sector is doing fine”.

Forward!

~McQ

Twitter: @McQandO

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14 Responses to US manufacturing slows for first time in 3 years

  • The Obamic Decline continues apace.

  • … but the economy is doing fine under that outstanding leadership of Barack Obama.
    When the election comes down to voting for a “piece of sh*t” or a “spoon”, I’d take the “spoon.”

  • Bush! Bush!

    • Can we give the Bush family a rest.  I’ve had enough of them.

      • We can let go of them when they are no longer useful.  What, are YOU trying to say this is Barack’s problem?!!!! He’s an ideal husband, and cares!  He just gave everyone free healthcare! and he’s trying to make sure that everyone gets a vote and that those rich people pay their fair Share!  Without him, there would be no contraception for women and they’d be enslaved as baby machines! (toss in some hysterical hyperventilation noises at this point)

        America got Bushwhacked and our Barack is doing his darnedest to fix it!  You must be a racist!!!!!

        Racist!

  • So this must be Recovery Summer III: Bend Over.

  • Leave your traytops in the upright and closed position until the economy comes to a complete stop.

  • Stop talking down the economy! The God-king spoke reality into existence when he said everything is fine. Who the hell are we to think otherwise?

    • For what he pays Biden, I’ll agree to be his idiot sidekick if Joe needs a holiday.  Trust me, I CAN’T do any worse, than EITHER of them.
       

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