US manufacturing survey shows worst reading in a decade

The ISM U.S. manufacturing purchasing managers’ index came in at 47.8% in September, the lowest since June 2009. This marks the second consecutive month of contraction. The new export orders index tanked to only 41%, the lowest level since March 2009. A gauge of U.S. manufacturing showed the lowest reading in more than 10 years … Read moreUS manufacturing survey shows worst reading in a decade

Tips for Spotting a U.S. Recession Before It Becomes Official

As the U.S. nears a record-long expansion in July, the conversation is increasingly turning to when it will all end. Recessions are inherently hard to spot. The National Bureau of Economic Research’s Business Cycle Dating Committee, a panel whose determinations of when expansions begin and end are accepted as official, generally waits about a year … Read moreTips for Spotting a U.S. Recession Before It Becomes Official