Manufacturing in New York Area Shrank at Slowest P

Discussion in 'Economy' started by Neubarth, Jul 15, 2009.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    Manufacturing in New York Area Shrank at Slowest P


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    This is short term positive news. We are still falling, but not as fast as we were. Last month's report was frightening. Of course that underscores the fact that Manufacturing orders can be quite volatile.

    Manufacturing in New York Area Shrank at Slowest Pace in a Year
    By Bob Willis


    July 15 (Bloomberg) -- Manufacturing in the New York region shrank this month at the slowest pace in more than a year as orders climbed by the most since the recession began.

    The Federal Reserve Bank of New York’s July general economic index climbed to minus 0.6, the highest level since April 2008, from minus 9.4 the prior month, the bank said today. Readings below zero for the Empire State index signal manufacturing activity is contracting.

    The factory slump may ease after inventory cuts set the stage for increases in production as sales here and abroad rebound. Even so, companies such as General Motors Co. and Chrysler Group LLC will be slow to recover as unemployment and falling home values prompt consumers to boost savings.



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    Jul 15 8:30 AM CPI Jun +0.7%


    INFLATION! I think our Deflation is over and now we're beginning to see Inflation arise as a Beast out of the sea.

    (Just had to put that in there. Beast out of the sea is a Biblical expression that usually refers to an Evil Leader arising out of the Masses of Humanity. )

    After one month, we really do not have an established trend, but BOTH the PPI and the CPI are telling us that prices are going up. Of course, energy is the evil factor here, but other prices are going up, too.
     

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