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American factory activity shrinks for the first time in 3 years



The manufacturing sector in the US contracted for the first time in three years last month, signaling the latest sign that global manufacturing shifts are weighing on the US economy amid mounting trade tensions between Washington and Beijing.

Tuesday The Institute for Supply Management's Production Index, a widely observed factory activity indicator, fell to 49.1 in August from 51.2 in the previous month. Indications above 50 indicate that activity is expanding in the manufacturing sector, while those below 50 indicate a shrinkage ….


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