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Macroeconomics  |  August 28, 2012 18:13:00

Activity manufacturers central Atlantic region remained the third month in a decrease

Activity of manufacturing companies central Atlantic region remained in recession third month, however, saw a slight recovery outlook, said the August survey by the Federal Reserve Bank of Richmond. The current activity index only slowed the decline of -9 points -17 points in July. Neutral zero point level separating expansion from decline.

Most corporations recorded a slight recovery in supply, slowed decline in the use of production resources, new contracts and completion. Production has declined for the third consecutive month, new orders remained in decline since May.Companies had to reduce employment for the first time since November last year. Stocks of inputs is continuously increasing and the sixth month to the highest level since April 2009. Inventories of finished goods fell to two-month low, despite reductions were at the second highest level this year. Prices of inputs and finished goods grew at the slowest rate since December 2009. Outlook was more positive than in July. Enterprises are experiencing rapid growth in production, new orders, deliveries and employment. Assume higher costs and higher selling prices.     


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