Since 1949?

Play Video FOXBusiness – New Year, New Economy?
Play Video Video: Economic Outlook CNBC Play Video Economy Video: Be cautious before refinancing your mortgage even though interest rates are low WHAS TV11 Louisville Related Quotes Symbol Price Change
BMY 23.88 +0.63
GM 3.65 +0.45
PPC 0.00 0.00
VC 0.35 0.00
WDC 12.33 +0.88

AP – In this Dec. 23, 2008 file photo, with the last Tahoe already moved off, the final assembly area in the … NEW YORK – Signs grew that the economy could turn even weaker in 2009, as an index of December manufacturing activity sank to its lowest point in 28 years. Every corner of the sector was down, from bakeries to cigarette-makers to aluminum smelters.

The Institute for Supply Management, a trade group of purchasing executives, said Friday its manufacturing index fell to 32.4 in December, a greater-than-expected decline from November's reading of 36.2. Wall Street economists surveyed by Thomson Reuters had expected the reading to fall to 35.5.

Components of the index hit historic lows. New orders fell to their lowest level on records going back to 1948. Prices fell as the number of respondents saying they had paid more in December than in November sank to its lowest monthly reading since 1949.


Read more here [Link]