U.S. Manufacturing is Officially in Recession

by Mac Slavo
SHTF Plan

The manufacturing industry in the United States has officially sunk into a recession. The once-booming industry is struggling to stay alive amid the trade war as production slumped in the second quarter.

Data from the Federal Reserve shows that production in June fell flat. In fact, the numbers were below the expectations of a meager 0.1% gain predicted by Wall Street economists. The U.S. factory sector declined in the three months ended in June, the second straight quarterly decline, the Federal Reserve said Tuesday. For the second quarter, production was down 1.2% after a 1.9% decline in the first three months of the year. Manufacturing fell at a 2.2% rate in the second quarter after a 1.9% drop in the first three months of the year, according to a report by Market Watch.

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