NY Manufacturers’ Business Activity Declined

The Empire State Manufacturing Survey for January Shows Business Activity Declined at the Fastest Pace Since 2008 The report indicates that New York manufacturers' business activity declined at the fastest pace since 2008…The Great Recession. The new orders and shipments indexes plummeted, indicating a steep decline in both orders and shipments. US Raw Steel Production Rose US raw [...]

2016-02-22T07:02:47-05:00A View|

Forecasting GDP Growth Rate of 1.8% This Year

Wells Fargo Economics Group Forecasting GDP Growth Rate of 1.8 Percent This Year In their "Monthly Outlook" the Wells Fargo Economics Group is forecasting GDP growth rate of 1.8 percent this year and 2.3 percent in 2017. These forecasts have been lowered slightly from prior forecasts. Growing concerns about slowing global economic conditions have caused [...]

2016-02-12T09:50:11-05:00A View|

Job Growth Slowed in January

Job Growth Slowed Substantially in January Job growth slowed substantially in January…non-farm payrolls increased a seasonally adjusted 151,000…economists expected payrolls to rise by 185,000.” From a historical perspective, over the last 30 years there have been six recessions in which the ISM was at 50 or below for at least four consecutive months, with job [...]

2016-02-05T14:11:22-05:00A View|
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