Recession rolling into next phase

Consumer spending could be near bottom, but factories still slashing output
By Rex Nutting, MarketWatch



WASHINGTON (MarketWatch) -- The great recession is shifting into a new phase, with the manufacturing sector taking the spotlight away from the consumer who got it all started.

Economic data to be released in the coming week could show that consumer spending has seen its worst, even as factories continue to slash output in the face of weakening demand from U.S. businesses and foreign buyers.

LEER MÁS