U.S. manufacturing sector shrinking for three consecutive months - hpc


August U.S. manufacturing activity shrinking for the third consecutive month, the most serious atrophy in 3 years; July construction spending record 1 year maximum reduction, indicate risk increasing of U.S. economic expansion kinetic energy weakening.
American Association of Supply Management (ISM) said, August manufacturing index fell to 49.6, lower than a symbol of prosperities watershed, market forecast 50, also recorded the lowest since July 2009.
JP Morgan economist said: "Overall, today's report is still worrying, in the remainder of 2012, industrial production growth is likely to slow down to a crawl speed. '
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