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The Atlanta Fed upgraded its gross domestic product growth estimate for the fourth quarter to a 3.2% annualized rate from a 2.7% pace earlier. The economy grew at a 2.8% rate in the third quarter.
Stocks plunged Tuesday as manufacturing data chipped at confidence in the US economy. The S&P 500 and Dow Jones Industrial Average shed 2% and 1.5%, respectively.
Economists polled by Reuters had forecast production rising 0.2% after a previously reported 0.2% gain. Production at factories was unchanged on a year-on-year basis in December.
The ISM said its manufacturing PMI rose to 47.2 last month from 46.8 in July, which was the lowest reading since November. A PMI reading below 50 indicates contraction in the manufacturing sector ...
U.S. manufacturing employment has declined steadily as a share of total employment, from around 28% in 1960 to 8% in March 2017. Manufacturing employment has fallen from 17.2 million persons in December 2000 to 12.4 million in March 2017, a decline of about 5.7 million or about one-third even as the U.S.population ballooned from 220 million to ...
The production index fell to 46.2 from 49.8 in September. Factory employment improved slightly, though it remained at depressed levels. The survey's manufacturing employment measure rose to 44.4 ...
CNN Live Saturday / CNN Live Sunday: Unknown–2006 A weekend news and analysis program, airing live from Atlanta. Anchored by Fredricka Whitfield from 12:00–6:00 p.m. Eastern Time and Carol Lin from 6:00–11:00 p.m. Eastern Time. Replaced in 2006 by CNN Newsroom Weekend. CNN Live Today: 2001–06
Government data last month showed manufacturing growing at a 3.2% annualized rate in the third quarter and contributing to the economy's 3.1% pace of expansion during that period.