Posted on 09/15/2010 7:08:10 AM PDT by blam
New York Fed Manufacturing Index Dives Again -- Optimism Hits Lowest Level Since Summer 2009
Joe Weisenthal
Sep. 15, 2010, 8:36 AM
The New York Fed Empire State Manufacturing Index is rolling over.
Although the measure is still indicating growth, it's at its lowest level in over a year.
From the NY Fed:
The Empire State Manufacturing Survey indicates that conditions held relatively steady in New York's manufacturing sector in September. The general business conditions index remained positive, although it slipped 3 points to 4.1. The new orders and shipments indexes were both up moderately for the month, at levels signaling stable activity. The prices paid index was positive and little changed from last month, while the prices received index edged up to just above zero. Employment indexes were positive, suggesting that employment levels and the average workweek continued to expand over the month. The degree of optimism about the six-month outlook continued to deteriorate, with the future general business conditions index hitting its lowest level since early 2009.
[snip]
(Excerpt) Read more at businessinsider.com ...
How unexpected. With all this massive government waste and the Obama/Pelosi drive to socialism, I anticipated more optimism from those who will be left paying the bills. I hope the brightest man in America, Obama, can explain this surprise to us, along with how it’s another endorsement of his policies.
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