By James Knightley, Chief International Economist
US manufacturing output has now contracted in six of the first nine months of 2019. With the economic slowdown spreading to other parts of the US economy, the Federal Reserve will likely have to respond with several more rate cuts
Well, it is another grim day for US economic data with industrial production and manufacturing output both falling more than expected in September, although we do acknowledge this follows on from a surprisingly robust set of numbers in August. With business surveys hinting at a deepening recession for US