Economics

U.S. Factory Gauge Hits 10-Year Low as World Slowdown Widens

Global headwinds push down ISM measure to 47.8 in September
Employment gauge declines to lowest since January 2016

U.S. ISM Factory Index Sinks to 10-Year Low of 47.8

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By Reade Pickert

October 1, 2019 at 2:00 PM UTC

Updated on

October 1, 2019 at 3:47 PM UTC

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A measure of U.S. manufacturing unexpectedly fell deeper into contraction, posting the weakest reading since the end of the last recession as a global slowdown and the U.S.-China trade war increasingly weigh on the sector.