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Empire state index down again.

Started by Riversider
over 14 years ago
Posts: 13573
Member since: Apr 2009
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(Reuters) - The New York state manufacturing sector contracted for the third straight month in August, tempering hopes that the first-half slowdown in the U.S. economy might be turning around. Manufacturing led the U.S. recovery in the past couple of years, even though it only represents about 12 percent of overall economic activity, but growth in the sector has slowed sharply in recent months. The survey of manufacturing plants in New York state is one of the earliest regional guideposts to U.S. factory conditions. http://www.reuters.com/article/2011/08/15/us-usa-economy-nyfed-idUSTRE77E2FY20110815
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