Manufacturers Indicate That Growth Fell Back - Philadelphia Fed

Now is time to remember ECRI´s call of renewed fears of recession as soon as the end of this year.

Manufacturers Indicate That Growth Fell BackMay 17, 2012 -- The May Business Outlook Survey's broadest measure of manufacturing conditions, the diffusion index of current activity, fell from a reading of 8.5 in April to -5.8 in May. The survey's broad indicators for general activity fell into negative territory for the first time in eight months. Firms reported lower levels of activity and nearly flat new orders and employment. In special questions this month, manufacturing firms were asked about the factors that are influencing their production and hiring plans

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