A gauge of manufacturing activity hit its lowest level in 10 years but the easing of U.S.-China trade tensions may benefit some industries.
The 266,000 jobs gain shows the labor market "is continuing to provide the key foundation for the U.S. economy.”
“There is nothing to point to in [the November factory activity] report that signals a bottom in domestic manufacturing."
“We have now tariffed our way into a manufacturing recession in the U.S. and globally,” a chief investment officer said.
Sales increased 0.7% in July, "a reassuring sign for a U.S. economy that’s facing mounting hurdles."
Several government measures designed in part to bring manufacturing jobs back to the United States are having the opposite effect so far.
“We expect further bumps along the road for manufacturing as a slowing global economy and escalating tariffs on major U.S. trading partners pose headwinds."
The industrial company said the acquisition would be would be accretive to EBITDA margins, cash flow, and earnings per share.
Shipments of factory goods fell for the fourth consecutive month.
CFOs shepherd midsize companies through an era of transformation and upheaval.
“It looks like Fed officials were smart to stop their gradual rate hikes as the economy seems to have entered a soft patch,” an economist says.
“Without stronger productivity, achieving the 3% growth rate President Donald Trump has set as a goal becomes more difficult."
