Heard on the Street: For the first time in a long time, U.S. factories seem to be doing worse than Chinese ones
Chinese factories are suddenly looking a bit healthier. U.S. manufacturers aren’t. While some Beijing-based trade warriors may be gloating and Washington-based ones sulking, investors shouldn’t jump to conclusions.
The U.S. September factory purchasing managers index , released Tuesday by the Institute of Supply Management, was the worst since 2009. U.S. manufacturing has been trending down for a while and is likely to remain weak, thanks to a strong dollar and faltering global trade. Yet Tuesday’s alarming number can...
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