U.S. manufacturing likely shrank in September for the fourth straight month, a troubling sign that growth will stay weak.
By Associated Press|October 01, 2012 at 05:26 AM
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WASHINGTON (AP) — U.S. manufacturing likely shrank in September for the fourth straight month, a troubling sign that growth will stay weak.
Economists surveyed by FactSet forecast that the Institute for Supply Management’s manufacturing index was unchanged at 49.6. Readings above 50 indicate expansion and below 50 signal contraction. An exact reading of 50 suggests neither.
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