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<blockquote data-quote="texan" data-source="post: 1062778" data-attributes="member: 38206">Manufacturing shrinks to lowest level since July 200910:37AM EST December&nbsp; 3. 2012 - WASHINGTON (AP) — Manufacturing shrank to the lowest level&nbsp;since July 2009, the first month after the recession ended, according to a purchasing&nbsp;managers survey out Monday.The impact of Superstorm Sandy and worries about the &quot;fiscal cliff&quot; -- automatic tax increases&nbsp;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&nbsp;of 49.5. That&#039;s down from 51.7 in October.&nbsp;A reading above 50 signals expansion, while readings below 50 point to contraction.&nbsp;The index contracted after two months of growth.<a href="http://www.usatoday.com/story/money/business/2012/12/03/manufacturing-index-construction-spending/1742265/" target="_blank">Manufacturing shrinks to lowest level since July 2009</a></blockquote>

[QUOTE="texan, post: 1062778, member: 38206"] [B]Manufacturing shrinks to lowest level since July 2009 10:37AM EST December 3. 2012 - WASHINGTON (AP) — Manufacturing shrank to the lowest level since July 2009, the first month after the recession ended, according to a purchasing managers survey out Monday. The impact of Superstorm Sandy and worries about the "fiscal cliff" -- 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 index contracted after two months of growth. [url=http://www.usatoday.com/story/money/business/2012/12/03/manufacturing-index-construction-spending/1742265/]Manufacturing shrinks to lowest level since July 2009[/url] [/B] [/QUOTE]

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