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U.S. manufacturing shrinks to 3-year low

By The Associated Press

This article was published December 3, 2012 at 9:21 a.m.

— A survey shows U.S. manufacturing shrank in November to its weakest level since July 2009.

The effect of superstorm Sandy and worries about automatic tax increases that could take effect in January combined to reduce factory orders and manufacturing jobs.

The Institute for Supply Management says its index of manufacturing conditions fell to a reading of 49.5. That’s down from 51.7 in October.

A reading above 50 signals expansion, while readings below 50 point to contraction. The second contracted after two months of growth.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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Displaying 1 - 3 of 3 total comments

Jackabbott says... December 3, 2012 at 10:05 a.m.

Not surprising. Ever since the Reagan era of unfair Babe Ruth trade deals that has continued on to our current President. We trade our jobs to China and Mexico for short term corporate profits, inflated CEOs salaries, campaign contributions and illegals.
The answer-- buy USA made products. If the retailer does not have them, then ask for it. You do not need to be a Rebulican or Democrat to do this. And the people that control this country will get the message. They can buy votes, they cannot buy your consumer selection.

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Bart says... December 3, 2012 at 11:49 a.m.

I keep reading calls for people to "Buy American". Easy to say, hard to do. We don't make anything in America. You would be hard pressed to find what you need that is made USA.
Much of our food supply is foreign. Even fresh food comes out of Mexico port at Nogales.
AMerican workers cannot compete with Asian, Latin American and others who are paid a fraction of American labor costs. The United Steel Workers Union started the demise of manufacturing at home with unreasonable wage/benefits demands. Like dominoes other industries follow suit and moved off-shore. Free trade agreements such as NAFTA put Americans at a disadvantage. Govermnent has allowed those companies who remain to bring in foreign and illegal workers at low wages. American industry, if it ever recovers will need protection from predator couuntries who dump cheap products here with impunity. Free trade simply results in no jobs for Americans who have high costs of living and a shrinking job market. We have and we can go it alone. We should get back to it!

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DontDrinkDatKoolAid says... December 3, 2012 at 4:46 p.m.

Expect the shrinking to continue.

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