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Broadest growth slowdown in decades taking a toll on US economy

Broadest slowdown in growth signal US economy flashes warning signs of impending slowdown: Kemp

John Kemp | Reuters 

US manufacturers reported the broadest slowdown in growth last month for more than a decade, as the trade conflict with China, falling equity prices and increasing uncertainty finally started to take a toll on the economy. The Institute for Supply Management's purchasing managers' index slumped by 5.2 points in December from the previous month, the largest monthly fall since October 2008. Manufacturers reported increases in orders, output, employment and inventories, indicating the sector continues to expand, but at a much slower rate than before, according to survey ...

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First Published: Fri, January 04 2019. 10:43 IST