In an announcement by the Institute for Supply Management (ISM), U.S. manufacturing sector in November, fell to its worst levels since June 2009. ISM noted that the national factory activity fell to 48.6 after an October reading of 50.1.
However, U.S. construction spending rose in October by increasing to 1%, and $1.11 trillion rate, which is the highest it has been since December 2007. This shows a continued trend of construction spending rising each year, indicating the continued recovery of the industry following the recession.
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