US manufacturing activity dives to more than 9-year low on trade war worries, survey shows

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

U.S. manufacturer growth hit new lows in May, the latest sign that the economic slowdown accelerated amid the ongoing trade war.

The U.S. manufacturing PMI was 50.6 in May, the lowest level since September 2009, according to IHS Markit."Growth of business activity slowed sharply in May as trade war worries and increased uncertainty dealt a further blow to order book growth and business confidence," said Chris Williamson, Markit's chief business economist.

The U.S. manufacturing PMI was 50.6 in May, the lowest level since September 2009, according to results from financial data firm IHS Markit released Thursday. U.S. overall business activity growth also faltered to a three-year low as the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index dropped to 50.9 in May, indicating the slowest expansion since May 2016.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MAGA

All this winning sure hurts...

w_terrence

bringing back jobs to USA is more than just fist pumping and chanting lock this person or that person up, isn't it?

POTUS Nice work trump!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive: U.S. says it may scale back some Huawei trade restrictionsThe U.S. Commerce Department may soon scale back restrictions on Huawei Technolo... How about scaling back Ivankas Chinese made junk? impeachment I think it was a bad decision🙄 If US didn't sell any chip design tools to huawei, it couldn't produce any competitive chips at all...Huawei is always boasting in China and lobbying in US. US goverment is not tough enough...
Source: Reuters - 🏆 2. / 97 Read more »

Exclusive: U.S. may scale back Huawei trade restrictions to help existing customersThe U.S. Commerce Department said on Friday it may soon scale back restrictions ... Naniama ! The restriction was uncalled for in the first place U.S customers will be facing issues
Source: Reuters - 🏆 2. / 97 Read more »

U.S. Fed may tweak key 'reverse repo' rate: minutesThe Federal Reserve may consider tweaking how much it pays mortgage agencies, mo...
Source: Reuters - 🏆 2. / 97 Read more »

There’s one major U.S. city where making $100,000 may not even cover basic billsCalifornia cities dominate the places where a six-figure salary barely covers the basics, a new analysis shows. And homeless people unfortunately every 3 steps. Way to go Nancy. Great job! SpeakerPelosi I was there recently. And it’s a respectfully a shit hole. It’s gross. Way to go California. Without even looking it's guaranteed to be run by Democrats. I'm guessing SFO
Source: MarketWatch - 🏆 3. / 97 Read more »

US officials: Plan may send up to 10,000 troops to MideastWASHINGTON (AP) — The Pentagon on Thursday will present plans to the White House to send up to 10,000 more troops to the Middle East, in a move to beef up defenses against potential Iranian... Is this because Trump needs to change the subject again? Wait so sending more troops is supposed to do what re: tension? Because it seems like a surefire way to increase it when rational people would want to reduce it. Oh great
Source: AP - 🏆 728. / 51 Read more »

U.S.-China tech war may split progress in twoNationalism has sparked Washington and Beijing to begin separating their tech sectors, on supposed security grounds. Economics promises to prolong the struggle. Clustering, scale and technical prowess mean both sides can succeed in areas like 5G even if the outcome isn’t optimal.
Source: Breakingviews - 🏆 470. / 51 Read more »

Huawei founder says growth 'may slow, but only slightly' after U.S. restrictionsHuawei Technologies' founder and chief executive Ren Zhengfei said on Satur... The fear of unknown is giving Trump sleepless nights....hence he's banning it ... yeah right.....that is BS....leave the tariffs on china products......they wont last a month before they start BEGGING to talk again...... America's economy is strong at over 15 trillion....china tariffs is 500ish billion....we just need to help our farmers out during this time.. REN zhenfei has China military experience . In China, people look Huawei not only a company with military background, but a military company. Huawei Military
Source: Reuters - 🏆 2. / 97 Read more »

US officials: Plan may send up to 10,000 troops to MideastWASHINGTON (AP) — The Pentagon on Thursday will present plans to the White House to send up to 10,000 more troops to the Middle East, in a move to beef up defenses against potential Iranian threats, U.S. officials said Wednesday.
Source: YahooNews - 🏆 380. / 59 Read more »

5 things to know for May 21: Trump, Yemen, US storms, Ford, China & drones5 things for Tuesday: - President Trump - Yemen - Weather - Ford - Drones and China ...annnnnd Democrats do nothing. Maybe more strongly worded letters will do. Smh. Who's lying Comey lynch MAGA TuesdayThoughts ObamaBinSpyin I think you have forgotten the news related to Iran and us china cold war
Source: CNN - 🏆 4. / 95 Read more »