US Manufacturing Falls To Second Lowest Level Since The Crisis

U.S. manufacturing grew at the slowest pace since the economy emerged from the financial crisis in 2009 this July, new data out of MarkitEconomics shows. The headline manufacturing index declined 80 basis points during the month to 51.8. Economists polled by Bloomberg had forecast a narrower fall to 52.0. New orders and output both expanded in July, but did so at lower rates that recorded at the start of the summer. Read more >>