THE BASIS POINT

Manufacturing Slows in New York

Empire State Manufacturing Survey  (September 2012)

– General Business Conditions Index – Level -10.41.  Previous was -5.85. 

This is a survey of 175 manufacturing CEO’s in New York State.  Perhaps we are seeing manufacturing in decline because we may be at the start of something akin to worldwide recession.

Comments [ 1 ]
  1. Ted Rood says:

    Felt for some time that the economy has been held together with duct tape and wishful thinking. Not surprising at all to see economic indicators dropping. If they’re doing so now, what will economy look like after we do a swan dive off the fiscal cliff?

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