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Macroeconomics  |  September 15, 2010 16:23:01

The manufacturing activity of New York in September slowed again


Empire State survey, the Federal Reserve Bank of New York stated that the manufacturing activity eased in September and was the weakest this year. Number of companies surveyed have experienced a deterioration of the situation grew more than those who hold a contrary position. Activity Indicator dropped from 7.1 points to 4.1 points but retained boundary expansion fourteenth month. But the result fell behind expectations, the majority consensus expected 6.4 points. In April, the situation was very good business indicator attacking half-year peak of 31.9 points. The level of zero points separates growth from decline. Historic low index -32.29 points were achieved last year in March 2009, the maximum 40.6 points while in February 2004.

Survey of 175 U.S. corporations Empire State said that the indicators of new orders and deliveries showed significant improvement, then in August fell to negative values. Indicator of new orders rose again, supplies are stable. Indicator work in progress only corrected fall and stayed there for six months. Indicator inventory has decreased slightly and maintained a modest growth, delivery times index fell deep into negative territory.

The third in a row to improve to the highest level recorded since May employment indicator, which maintained a continuous growth in nine months .. in positive territory is also retained an indicator of working time. Inflation indicator rose only slightly and was far below the two-year peak registered in May. Optimism about the future outlook is gradually disappearing.Half-yearly outlook ESMS is compared to August deteriorated again slightly and remained in decline for the fifth consecutive month. All indicators in addition to supply and investment weakened.

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