MILWAUKEE, WI (WTAQ) - The manufacturing economy in southeast Wisconsin has hit a wall.

That's according to a monthly index from Marquette University and Milwaukee’s Institute for Supply Management. The seasonally-adjusted index for July was 46.7% – much lower than the June index of just over 60.

Anything lower than 50 reflects a decline of the manufacturing economy, while anything over 50 indicates growth.

An index that measures new factory orders also took a big drop from nearly 56 a month ago to 41 now.

The new report says factories have had orders pulled back from customers in China and Europe as well as in the U-S – and things may not get much better until after the November elections.