The Traderszone Network

Published in TZ Latest News 1 September, 2015 by The TZ Newswire Staff

Factory slowdown puts wrinkle in U.S. growth outlook

U.S. factory activity braked to a more than two-year low in August, but sturdy gains in automobile sales and construction spending suggested the economy remained on solid footing. The sharp slowdown in manufacturing, which has been hurt by a strong dollar and deep spending cuts in the energy sector, was probably an early indication of fallout from the recent turmoil in stock markets, economists said. “It suggests that the recent eruption in uncertainty toward Chinese and global growth is beginning to affect U.S.

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