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 …