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The Boston Globe

Business

US manufacturing shrinks to 3-year low

WASHINGTON — US manufacturing shrank in November to its weakest level since July 2009, one month after the Great Recession ended. Worries about automatic tax increases in the new year cut demand for factory orders and manufacturing jobs.

The Institute for Supply Management said Monday that its index of manufacturing conditions fell to a reading of 49.5. That is down from 51.7 in October.

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