Tag: shrinks

U.S. manufacturing shrinks for first time in three years

WASHINGTON (Reuters) – U.S. manufacturing activity contracted for the first time in three years in August, with new orders and hiring declining as trade tensions weighed on business confidence, which could renew fears of a sharp economic slowdown. FILE PHOTO: Containers are seen at the port in San Pedro, California, U.S., March 22, 2018. REUTERS/Bob…