US manufacturing sector contracts to lowest level since recession
The US manufacturing sector reached a decade low growth numbers in September sending global markets tumbling on fears the US economy might be spluttering. US Manufacturing for September was pegged to post a slight gain in growth but instead returned a sharp decline in numbers against analysts expectations. This sparked off fears that the US was closer to a recession and saw markets pull back on the news. Trump took to twitter to blame the FED and the dollar for the decline rather than focus on the real driver of the weakness which stems from the trade war with China.