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Strategies & Market Trends : ahhaha's ahs
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To: ahhaha who wrote (1011)2/13/2001 10:28:05 AM
From: ahhahaRead Replies (2) of 24758
 
In the Richmond District the economic situation is showing signs of reversing the deterioration:

WASHINGTON, Feb 13 (Reuters) - The Federal Reserve Bank of Richmond said on Tuesday its monthly index of regional manufacturing was -12 in January versus -6 in December. 


    Following is the table of the results of the survey:
MANUFACTURING SURVEY     Jan     Dec     Nov
  Shipments              -12      -6      -2
  New Orders              -6     -21      -2
  Backlog Orders          -8     -34     -17
  Capacity Utilization** -17     -20      -6
  Vendor Lead Time**      -3       5      10
  Number of Employees     -5      -8      -4
  Average Workweek       -12     -20     -18
Wages**                 13       5       6
  Prices Received*      0.94    0.33    0.19
  Prices Paid*          2.71    1.26    1.76
SERVICES SURVEY          Jan     Dec     Nov
  Service Revenues       -22     -14      -4
  Number of Employees    -25      -8      -4
  Service Wage            17      14      19
  Retail Revenues        -55     -17     -29
  Retail Employees       -41      -8      -3
  Retail Wage             29      35      38
  Retail Inventories       0      50      35
  Big-ticket sales       -68     -37     -21
  Shopper Traffic        -32     -29     -17


*Pct change in prices from the previous month (annualized). ** Not seasonally adjusted; insufficient historical data.

However, note the wages and prices component. It only slowed a little and now is taking off. This is evidence of the inflation floor the FED with their absurd effort to manipulate interest rates has put in place.
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