US manufacturing contracts for first time in 3 years: ISM

MG News | September 03, 2019 at 11:48 PM GMT+05:00

0:00

Sep 03, 2019: Bogged down in the US-China trade war, the US manufacturing sector stumbled and fell into contraction last month for the first time in three years.

The Institute for Supply Management's nationwide manufacturing index fell unexpectedly to 49.1, ending 35 months of expansion and hitting the lowest level since January of 2016.

Any reading above 50 indicates expansion.

AFP/APP

Related News

Asia markets climb on renewed trade policy focus

Korean auto exports hit $6bn on strong EV demand

Walmart’s $1tr valuation sparks AI-driven expansion

Name	Price/Vol	%Chg/NChg
KSE100	173,658.99 21.98M	0.28% 489.28
ALLSHR	104,177.51 39.20M	0.22% 224.55
KSE30	53,203.14 9.47M	0.30% 160.25
KMI30	243,453.40 5.49M	0.21% 522.01
KMIALLSHR	66,663.41 17.52M	0.24% 156.32
BKTi	51,370.75 5.47M	0.61% 312.20
OGTi	34,379.99 0.67M	0.64% 220.01

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,905.00	67,760.00 64,325.00	-2920.00 -4.31%
BRENT CRUDE	70.98	71.44 70.69	-0.78 -1.09%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.50 -3.52%
ROTTERDAM COAL MONTHLY	105.50	0.00 0.00	-1.45 -1.36%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	65.73	66.11 65.38	-0.75 -1.13%
SUGAR #11 WORLD	13.86	14.02 13.61	0.16 1.17%