Manufacturing Activity Slows
NEW YORK (AP) _ The nation’s manufacturing sector slowed in September as global economic problems hurt U.S. exporters, but the slowdown was not as sharp as economists had expected.
The National Association of Purchasing Management reported today its monthly index of business activity was at 49.4 percent last month, holding steady from its August level. Economists had predicted the index would reveal a more severe decline.
The reading marked the fourth straight month the measure was under 50 percent, a sign of contraction in the industrial sector.