Manufacturing News

Survey: Economic forecasters say U.S. manufacturing is in recession

By Harriet Torry for The Wall Street Journal

Oct 10, 2019

U.S. manufacturing is in recession, two-thirds of economic forecasters said in a survey, and overall growth in the second half of 2019 is expected to further slow.

In a Wall Street Journal economic survey conducted in recent days, 65.3% of private-sector forecasters said the manufacturing sector was in recession, or two or more consecutive quarters of contraction.

Forecasters’ estimates for economic growth in the second half of 2019 also ticked lower, with U.S. economic output to grow, on average, at a 1.82% pace in the third quarter and a 1.77% rate in the fourth quarter. Those figures are down from a September survey predicting 1.92% and 1.81% growth rates, respectively.

To learn more, read "WSJ Survey: Majority of Economists Say Manufacturing Sector in Recession" from The Wall Street Journal.

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