US manufacturing is not a recession red flag

Quick Summary:

In short: there are things the federal government can do, but local zoning remains the key determinant, and the politics are tricky.

So this seems like a good moment to ask how much we should worry about weak manufacturing ISM readings.

The survey-based ISM Manufacturing index for August, at 47.2, was barely improved from its dreary July level.

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Article Details

Author / Journalist: Robert Armstrong

Category: MarketsFinanceInvesting

Markets: United States

Topics: Financial Other Weak Nvidia Federal Supply Local Newsletter Manufacturing Market Zoning

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 09:04:26 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 920 words

Reading Time: 6 minutes read

Sentences: 49 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 22364944

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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