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August Empire Survey Contracts Further.

  • Written by Syndicated Publisher No Comments Comments
    August 16, 2011

    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.

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    Empire Manufacturing Survey Contracts In August- Macro Story.

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