The Wall Street Journal reports today that, for the first time in three years, U.S. manufacturing has plunged to an index of 49.7 in June after sitting at 53.5 in May.Read the rest of the bad news HERE.
An index below 50 indicates the manufacturing sector is not only slowing but contracting.
RDQ Economics reports that this is the largest manufacturing decline since 9/11 and the second largest since the worst of the Carter Recession in 1980.
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