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ID: 12706
Title: Factory activity posts surprise contraction (Reuters)
Description:

General Motors Corp. assembly line worker Chuck Hallendy assembles transmissions at the GM Powertrain plant in Warren, Michigan June 1, 2006. U.S. factory activity shrank in November for the first time in 3-1/2 years as new orders, production and employment fell and prices paid rose, according to a survey published on Friday. (Rebecca Cook/Reuters)Reuters - U.S. manufacturing contracted in November for the first time in 3-1/2 years, while construction spending fell sharply in October, according to reports on Friday pointing to a slowdown in the U.S. economy.
Category: Business/US Economy/
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Date Added: December 01, 2006 05:44:47 PM
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