While you were sleeping: US manufacturing disappoints

Thu, 01 Oct 2015

By Margreet Dietz Oct. 2 (BusinessDesk) - Equities on both sides of the Atlantic fell, following the previous day’s gains, as disappointing data on US manufacturing underpinned nervousness about the global economy and uncertainty about the timing of a US Federal Reserve interest rate hike. An Institute for Supply Management report showed its index of national factory activity dropped to 50.2 in September, its lowest since May 2013. Manufacturing is “clearly the weakest part of the economy,” Jim O’Sullivan, chief US economist at High...

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