US manufacturing survey shows worst reading in a decade

From cnbc.com Watch this video at https://www.energyexch.com/news/951836-us-manufacturing-survey-shows-worst-reading-in-a.

A gauge of U.S. manufacturing from the Institute for Supply Management slumped to the lowest level in more than 10 years in September. The ISM U.S. manufacturing Purchasing Managers’ Index plunged to 47.8% in September, the lowest since June 2009, marking the second consecutive month of contraction. The reading is down from 49.1% in August. Any figure below 50% signals a contraction. “Global trade remains the most significant issue, as demonstrated by the contraction in new export orders that began in July 2019. Overall ...