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WASHINGTON (AP) — American factory activity shrank for the third straight month in August as new orders, production and employment all fell.
In addition, manufacturing output shrank for the third consecutive quarter, mainly because of lower shipments to the United States, which buys about 85percentt of Canada's exports.
Electronics and apparel sold at a middling pace, and sales of sporting goods shrank for the third month in a row.
'As a result, overall,' said the IFS 'the gap between Britain's rich and poor shrank for the third successive year.' Child poverty fell by 100,000, less than the government target, but the fall may well be larger and the IFS thought that the government could still eventually meet its target.
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In the first quarter of 2001, America's private-sector financial deficit shrank for the first time.
In almost every case output shrank for the first two or three years of the process.
The survey showed new export orders shrank for the first time in a year.
In fiscal year 2002, the economy shrank for the first time in two decades.
Last month, the manufacturing sector shrank for the first time since January.
At the end of 2011, the German economy, the world's fourth-largest, shrank for the first time since 2009.
The euro zone's GDP shrank for the sixth straight quarter, falling by 0.2% from January to March.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com