US manufacturing sounds alarm bells on the economy

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• 00:27

  Listen now by searching for the documentary wherever you get your BBC podcasts.

• 00:40

  Decode in the mixed messages of the US economy.

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  For every month this goes on is more time for international customers to find somewhere else to go.

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  Once we get to Black Friday week, that's when things really escalate.

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  It's World Business Report from the BBC World Service.

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  I am BC Adebayo and today, the split picture in the U.S.

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  economy is cyber-monday spending surges but manufacturers warn of trouble.

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  Also, Serbia sounds the alarm over a refinery that could shut within days.

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  And the clock runs down on final bits to buy Werner Brothers' discovery.

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  Now,

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  all eyes are on the US economy right now as President Trump continues to finalize trade deals and the Federal Reserve decides next week whether to cut interest rates again.

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  Well, last week,

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  we saw consumer confidence drop to its lowest level

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  since April as Americans grew more worried about the economy and jobs.

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  And today, we got another important update and this time it's on manufacturing,

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  with the latest numbers showing factory activity shrinking again for the ninth month.

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  month in a row.

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  Susan Spence is the chair of the Institute for Supply Management, which publishes the report.

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  We had another month where 67% of our panelists are saying we're not hiring,

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