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U.S. manufacturing sector is in a technical recession
WASHINGTON (MarketWatch) — The U.S. factory sector, ailing from the strong dollar, global weakness and lower oil prices, has slipped into a technical recession, new data released Monday show.
The Federal Reserve said Monday that industrial production dropped unexpectedly in May and hasn’t increased since November.
The six-month drop in output, adjusted for inflation, puts the sector in a technical recession, said Alan Tonelson, a former economist for a manufacturing trade group who now writes commentary on the sector. ...................(more)
http://www.marketwatch.com/story/us-manufacturing-sector-said-to-be-technical-recession-2015-06-15?dist=lcountdown
