The Traderszone Network

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

U.S. manufacturing contracts, but rest of economy humming along

U.S. manufacturing contracted in November for the first time in three years as the sector buckled under the weight of a strong dollar and deep spending cuts by energy firms, but robust automobile sales suggested the economy remained on solid ground. Other data released on Tuesday showed a sturdy increase in construction spending in October, which should help offset the drag from manufacturing on fourth-quarter economic growth.

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