Economics

U.S. Manufacturing Index Dips to Lowest Level in Almost a Decade

Citi's Levkovich Doesn’t See ISM Data Pointing to a Recession

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June 3, 2019 at 9:45 AM EDT

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The U.S. Manufacturing Purchasing Managers’ Index fell by more than two-points to 50.5 in May, the lowest level since Sept. 2009, according to IHS Markit. New orders contracted for the first time since August 2009.

The overall index has fallen by almost six points over the last year.

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