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Strategies & Market Trends : Currents of Currency

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From: Ahda	8/17/2015 11:10:49 AM
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Manufacturing in New York State Slumps Even as Outlook Brightens Manufacturing in the New York region slumped at the fastest pace since the depths of the last recession, a report from the Federal Reserve Bank of New York showed Monday. The central bank branch’s so-called Empire State index plunged to minus 14.9 in August, the lowest level since April 2009, from 3.9 the prior month. Readings less than zero signal contraction. Gauges of orders and sales also retreated. A rising dollar that makes American goods more expensive for customers overseas is hurting exports, leaving factories with too many goods in stock. At the same time, New York manufacturers were the most optimistic about the future than at any time in the past four months, a sign the slowdown is likely to be short-lived. bloomberg.com Are we going up or down?

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