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Re: June Empire State index plunges to negative figure

By: killthecat in ROUND | Recommend this post (0)
Thu, 16 Jun 11 1:10 AM | 65 view(s)
Boardmark this board | De's Test Board 		Msg. 33475 of 45510
(This msg. is a reply to 33473 by Decomposed)
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WE need more Free Obama/Bernanke Money.

Tell them to run up another two or three trillion in debt.

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The above is a reply to the following message:
June Empire State index plunges to negative figure
By: Decomposed in ROUND
Wed, 15 Jun 11 11:38 PM 		Msg. 33473 of 45510

June 15, 2011, 10:24 a.m. EDT

June Empire State index plunges to negative figure

By Greg Robb, MarketWatch

WASHINGTON (MarketWatch) — Manufacturing activity deteriorated sharply in the New York region in June, raising concern that the slowdown seen in the factory sector that started in May could have marked the start of a contraction rather than a temporary soft patch.

The Empire State index fell below zero to -7.8 in June from 11.9 in May, according to the Empire State manufacturing survey released Wednesday by the New York Federal Reserve.

This is the first time the index has been below zero since last November.

“In one word, the report was ugly,” said Michael Montgomery, senior economist with IHS Global Insight.


Full story: http://www.marketwatch.com/story/june-empire-state-index-plunges-to-negative-figure-2011-06-15?dist=countdown

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