How The Manufacturing Slowdown Is Impacting U.S. Businesses : NPR
KELLY: Hi. What are the warning signs for manufacturing?
DONNAN: Well, one of the things we’ve seen in manufacturing is literally a contraction in production. So industrial production in the United States contracted in July. But more importantly, it contracted in the first two quarters of this year. Two consecutive quarters of contraction is what most economists like to call a recession.