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ISM November Index at Lowest Level Since July ‘09

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  • Description

    FBN's Diane Macedo breaks down late-morning market news.

  • Duration 0:54
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When I'm Diana -- again Fox Business three manufacturing activity unexpectedly contracted last month falling to its lowest level.

In more than three years the institute for supply management's November reading.

Of national factory activity fell to 49 point five.

Larger than expected drop reflected contractions in employment and inventories.

On the flip side US builders boosted their construction spending in -- -- -- by the largest amount since may.

Led by a surge in housing spending rose nearly one and a half percent from December.

And Dean Foods is selling its Morningstar -- units of Canadian companies have food -- one and a half billion dollars.

The -- says the deal will help boost its presence in the US Morningstar employs roughly 2000 people and operates ten manufacturing facilities in nice safe.

And that's the latest from the Fox Business Network giving you the power to -- there.

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