Worst Reading in a Decade: U.S. Manufacturing Survey

In September, the ISM U.S. manufacturing purchasing managers’ index was at 47.8%. This has been the lowest since June 2009. The new export orders index was 41%. This has been the lowest level since March 2009. To know more about these recent changes and discover exceptional alternative small business loans, just keep on reading this post.

U.S. Manufacturing Market &Alternative Small Business Loans

The above mentioned figures are worse than the expectations expressed by economists. Such a sharp decline in the index has resulted in thoughts about recession.

Bleakley Advisory Group’s chief investment officer Peter Boockvar says this is a move into a manufacturing recession in the U.S. and all over the world. In fact, manufacturing dropped to a reading of 43.3% for the 1sttime in August. This came after 35-month expansion where the PMI averaged 56.5%.

The overall index number isn’t good at all. However, the decline in factory orders of exports is more worrying, as TorstenSlok, chief economist at Deutsche Bank, notes. Slok further adds that this slowdown doesn’t seem to end soon, and the recession can rally happen.

How are you trying to navigate through the hard times? Do you need additional working capital? This can’t be an issue if you turn to a reputable alternative online lender that offers safe and cheap business funding such as alternative small business loans. This is the fastest way to get approved for business financing without challenges.

More on the U.S. Manufacturing Market Survey

Market projections for a 1/4 percentage points interest rate drop in October rose to 65%, which can’t be said about the recent figure that was under 49%. The information is according to the CME FedWatch Tool.

This isn’t the whole story in fact: only 3 of the 18 U.S. manufacturing industries tracked by ISM talked about growth. This is a decline from 9registered in September.

To sum up, U.S. manufacturers spoke of the largest contraction in September since the end of the recession happened during 2007-2009. This reflects a slowdown in the U.S. and global economies, which is being intensified by the trade war between the U.S. and China.

Author Bio: Michael Hollis is a Detroit native who now lives in Los Angeles. He is an account executive who has helped hundreds of business owners with their alternative small business loans solutions. He’s experimented with various occupations: computer programming, dog-training, scientificating… But his favorite job is the one he’s now doing full time — providing business funding for hard working business owners across the country.

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