The economic deterioration as measured by the Empire Manufacturing Survey deteriorated faster in August with the index at (7.7) from (3.76) in July. The inventory cycle is clearly coming to an end which had driven GDP growth, the new orders index is deteriorating indicating future reports will be weak and the general business conditions continue to contract.
Not a good report and not a good sign for those seeking a second half rebound.
Shared Under Licence
Empire Manufacturing Survey Contracts In August- Macro Story.
Images: Flickr (licence details)
About the Author
Macro Story is designed as a one stop source for all of your macro related news and data. From credit markets to economic data to geopolitics, you will find it all in a simple and organized fashion. Content is presented in a format that allows you to read as little or as much as prefered. Whether your goal is to do advanced research, a simple market overview or to become educated on macro subjects, the site has been designed with you in mind.
Below are a few highlights to help you get started.
“Macro View,” updated weekly is an in depth review of current macro news & data and future trends.
Five key market indicators are updated daily on the home page with an expanded view. Indicators include the S&P 500, 10 Year Treasury, US Dollar, Copper and Oil.
All economic data including historical charts are located under “Macro Data.” No need to search multiple sources to find what you need. It’s all here.
An expanded education section and glossary of terms to increase your knowledge base.
Search content by key words, date or subject title.