Manufacturing report at 6-year low

[Lone_Star_Dem]

Source: CNNMoney

Survey from the Federal Reserve Bank of Philadelphia is weakest since just after the 9/11 attacks.

NEW YORK (CNNMoney.com) -- Manufacturing activity in the Philadelphia area this month reached its lowest level since October 2001, a month after the 9/11 terrorist attacks, according to a report issued Thursday.

The Federal Reserve Bank of Philadelphia's Business Outlook Survey index weakened to -20.9 in January from -1.6 last month, the bank said.

Demand for manufactured goods, indicated by the number of new orders, reached its first negative level in 15 months, the bank said. The number of shipments also declined in the report.

The regional Fed said companies surveyed were less optimistic about manufacturing growth over the next six months than they were in December.

Read more: http://money.cnn.com/2008/01/17/news/economy/manufacturing/index.htm?postversion=2008011712

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The projected loss was estimated at -1.5 similar to the previous -1.6 fall.

[Selatius]

1. I could scream recession all day long, and they will refuse to call it one.

A recession at this point would mean the Repub plan of tax cuts for wealthy interests to "boost" the economy have failed.

[Art_from_Ark]

2. Thank goodness for all those new manufacturing jobs that have been added

in the hamburger industry. Otherwise, the manufacturing sector would REALLY be hurting :crazy:

[murray hill farm]

3. How does a recession generall effect

the advertisement field? Is there a tendency to pay for more ads to boost buisness? Or is that one of the cuts made to save money in tough times?