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Home / AP News / US factories shrink for 1st time in 3 years amid trade war

US factories shrink for 1st time in 3 years amid trade war

The U.S.-China trade war and slower global growth are weighing on the U.S. economy, with manufacturing activity shrinking in August for the first time in three years. A survey by the Institute for Supply Management, an association of purchasing managers, showed that factory production and new orders fell sharply last month and are now contracting. U.S. ...

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