THE BASIS POINT

Manufacturing in U.S. Weakens.

 

Manufacturing

Chicago Federal Reserve National Activity Index (October 2012)

– Index Level -0.56.  Previous was 0.00.

Dallas Federal Reserve Manufacturing Survey (November 2012)

This is a survey index of manufacturers in Texas.

Business Activity Index was -2.9.  Previous was +1.8.  October had been the only positive month since June.

These data further support the notion that manufacturing in the U.S. remains weak.

 

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