American manufacturing sector contracts fourth month in a row
(CNN) -- The American manufacturing sector keeps shrinking. The trade war is heating up again. That's not a good recipe for investor confidence: The US stock market was in the red on Monday. The Institute for Supply Management reported activity at America's factories contracted for a fourth-straight month in November. The purchasing managers' index was only 48.1, compared with the economists' consensus forecast of 49.2. Any reading under 50 denotes a contraction.
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