Monday, May 16, 2011

US Manufacturing - An Alert

We also highlighted Manufacturing in yesterday’s Week Ahead. The first of this week's three releases pertaining to this sector was this morning's NY State Index. While the pace of expansion was not quite as strong as expected (New Orders slowed) it was still strong. And Key - Factory managers were more upbeat about the future than earlier. Employment grew to its fastest pace since May/04!

Robert Craven

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