Manufacturing Economy: Managers Index and Production Index

manufacturing economy: Figures below 50 indicate the manufacturing economy is generally shrinking, according to The Japan Times. The group's gauge of new orders dropped to a more than seven-year low, while the production index hit the lowest since late 2015. ; The data add to concern a broader U.S. recession is coming and may complicate the re-election chances of President Donald Trump, whose pledges to revive manufacturing have been a signature issue. The Institute for Supply Management's purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released Tuesday showed. At the same time, Trump's escalating tariffs on imports from China have been a major reason behind factory weakness that threatens to spread to consumer spending, which accounts for about two-thirds of the world's largest economy. The 10-year Treasury yield and the dollar fell. In the U.S. stock market, the ISM numbers torpedoed a morning rebound and left the S&P 500 poised for its worst loss in seven sessions, down as much as 1.2 percent to erase almost half of last week's rally. (news.financializer.com). As reported in the news.