91ÊÓƵ

U.S. factories expanded unexpectedly last month, snapping a five-month losing streak.

WASHINGTON — U.S. manufacturing activity fell to the lowest level in more than a decade, as the sector was hurt by weakening demand and last year’s global economic slowdown.

U.S. manufacturers expect to reduce capital spending in 2020, a trend that could limit a rebound in the sector even as companies see profits improving.

Manufacturing activity contracted in November, the fourth straight month of contraction, according to a monthly survey of executives released Dec. 2 by the Institute for Supply Management.

America’s service industries joined manufacturing in taking a big step back last month, fueling concerns that the global slowdown and trade war are weighing more on the broader economy. Stocks, the dollar and Treasury yields all fell after the report.

A measure of U.S. manufacturing unexpectedly fell deeper into contraction, posting the weakest reading since the end of the last recession as a global slowdown and the U.S.-China trade war increasingly weigh on the sector.

The global economy flashed clearer warning signs Oct. 1 as a wave of data showed manufacturing stuck in a slump, exports falling and sentiment sliding.

WASHINGTON — U.S. factory activity shrank in August for the first time since August 2016, a sign that the trade war with China is weighing down a crucial sector of the economy.

Experts in the fields of manufacturing, logistics and the petroleum industry are scheduled to participate in American Trucking Associations’ economic summit in September.

U.S. manufacturing activity deteriorated in July to an almost three-year low, dragged down by slower production and shaky export markets that help explain the Federal Reserve’s decision to reduce interest rates July 31.