US manufacturing has been in a mild recession for all of 2019

According to data released by the Federal Reserve on Friday, US manufacturing has been in a mild recession for all of 2019. The downturn is a sore spot in an otherwise healthy U.S. economy, and a potential weakness for President Donald Trump, who promised blue-collar job returns.

In comparison to steady growth in the larger economy, over the past year U.S. factory production has declined by 1.3 per cent, the Federal ....