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in Economy

Weak manufacturing measures raise specter of U.S. economic slowdown

by Editor September 3, 2024, 10:48 pm 1.2k Views

Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024.

Joel Angel Juarez | Reuters

U.S. factories remained in slowdown mode in August, fueling fears about where the economy is headed, according to separate manufacturing gauges.

The

monthly survey of purchasing managers showed that just 47.2% reported expansion during the…

Posted by Editor