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NY manufacturing activity dips again: Fourth straight negative monthly reading (-8.8)
Marketwatch ^ | 9.15.11 | Greg Robb

Posted on 09/15/2011 5:50:47 AM PDT by Free Vulcan

WASHINGTON (MarketWatch) — Manufacturing activity in the New York region weakened again in September, according to data released Thursday, raising fresh concern over the strength of the factory sector in the third quarter.

The Empire State index decreased slightly to negative 8.8 in September from negative 7.7 in August, according to the manufacturing survey released by the New York Federal Reserve. This is the fourth month in negative territory.

Economists surveyed by MarketWatch had expected the index to improve to negative 4.0.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events
KEYWORDS: economy; empire; index; manufacturing
Yikes, not only didn't the index improve as expected, it went the other way.

I'm long out of booze, so you guys will have to drink for me.

1 posted on 09/15/2011 5:50:57 AM PDT by Free Vulcan
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To: Free Vulcan

I think that’s called “negative growth”! Come on, New Yorkers! Give Obama a hand for helping this to become reality. This is the kind of growth that this state needs!


2 posted on 09/15/2011 6:04:29 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Free Vulcan
Economists surveyed by MarketWatch had expected the index to improve to negative 4.0.
Which means the index's decrease was UNEXPECTED.
3 posted on 09/15/2011 6:05:16 AM PDT by oh8eleven (RVN '67-'68)
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To: Free Vulcan
The New York Liberal Mantra to Business:

THE FLOGGINGS WILL CEASE WHEN THE MORALE IMPROVES!

4 posted on 09/15/2011 6:15:24 AM PDT by Redleg Duke ("Madison, Wisconsin is 30 square miles surrounded by reality.", L. S. Dryfus)
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To: Free Vulcan

Check the mosques. There’s probably a fair amount of manufacturing in their basements. Might raise the numbers a tad.


5 posted on 09/15/2011 6:27:11 AM PDT by weeder
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