Business

US manufacturing shrinks in November to 3-year low

By Christopher Rugaber
Published December 3, 2012 5:49pm ET
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US manufacturing shrinks in November to 3-year low
In this Friday, Nov. 16, 2012, photo, an employee works at a shipping area of Generac Power Systems, Inc., one of the largest makers of residential generators in the U.S., in Whitewater, Wis. A survey shows U.S. manufacturing shrank in November to its weakest level since July 2009, the first month after the Great Recession ended. Worries about automatic tax increases in the New Year cut demand for factory orders and manufacturing jobs. (AP Photo/Nam Y. Huh) | Nam Y. Huh

WASHINGTON (AP) — U.S. manufacturing shrank in November to its weakest level since July 2009, one month after the Great Recession ended. Worries about automatic tax increases in the New Year cut demand for factory orders and manufacturing jobs.

The Institute for Supply Management said Monday that its index of manufacturing conditions fell to a reading of 49.5. That’s down from 51.7 in October.

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