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NY Manufacturing Kicked Back Into Gear, Shows Growth For First Time Since 2008

Aug 17, 2009 (SmarTrend(R) News Watch via COMTEX) --

8/17/2009-The Federal Reserve Bank of New York released its August reading on manufacturing in the New York region showing growth for the first time in over a year, confirming indications that the worst recession since the 1930's may be nearing an end. The Empire State Manufacturing survey came in showing a 12.1 reading, better than economists' consensus estimates of a 3.0 reading and up from July's -0.55 reading.

Write to Chip Brian at cbrian@tradethetrend.com

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Related terms: bank, federal reserve, manufacturing, market, new york, recession, securities

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