US exports, imports and manufacturing slid further in September

October 1, 2019 – New export orders slumped further in September, according to the latest Institute of Supply Management (ISM) Report on Business. September exports registered a 41.0 reading, down from August’s 43.3, while imports slowed to 48.1 in September, down from 46.0 in August.

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Manufacturing too, contracted in September registering 47.8 percent, a decrease of 1.3 percentage points from the August reading of 49.1 percent. This is the lowest reading since June 2009, the last month of the Great Recession, when the index registered 46.3 percent.

“This contraction in US trade and manufacturing extends to six straight months of softening,” said Fred Baehner, Publisher of IBNewsmag.

The nine-state Heartland trade numbers were also down with both export orders and imports falling in September, according to Ernie Goss, PhD, director of Creighton University’s Jack A. MacAllister Chair in Regional Economics in the Heider College of Business.

The Heartland new export orders index sank to 39.6, down from July’s 44.7, and the import index slumped to 42.3 from 43.8 in July, according to the latest Creighton Economic Forecasting Group report. States included in the survey are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

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