Economy Gets Bad Press Again

Published Friday, September 6, 2019 at: 7:00 AM EDT

The bad news about the manufacturing sector slowdown is widely sensationalized in the financial press. With the exception of The New York Times, the media coverage of the slump in manufacturing neglected to report the fact that only 11% of the U.S. gross domestic product is derived from manufacturing activity. Without that context, the press would have you think a recession is right around the corner when it's not. Since September 2018, manufacturing activity plunged from a record-high of 61.3%. Last week's manufacturing activity report showed further deterioration, from 51.2% in July to 49.1% in August, and the press...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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