{"id":21717,"date":"2011-06-15T09:48:14","date_gmt":"2011-06-15T13:48:14","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=14662"},"modified":"2011-06-15T09:48:14","modified_gmt":"2011-06-15T13:48:14","slug":"new-york-manufacturing-index-plummets","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/06\/15\/new-york-manufacturing-index-plummets\/","title":{"rendered":"New York Manufacturing Index Plummets"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/8.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>The Empire State Manufacturing Index for June, published <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/06\/14\/after-solid-inflationary-data-traders-await-tomorrow%E2%80%99s-investment-news\/\">this afternoon<\/a>, revealed a stark downturn in manufacturing output for New York. The wide gap between expectations and the actual figure are ominous for the American economic recovery considering growth has been more than a bit sluggish this past quarter.<\/p>\n<p><span id=\"more-14662\"><\/span>The forecast for this afternoon\u2019s report was for a positive reading of 13, but actual results came in at negative 7.8. The turnaround from growth in New York\u2019s manufacturing to drastic shrinkage suggests a wider problem in consumer demand, rising inflation (Core CPI rose 0.3%; higher than economist forecasts), and transportation costs for raw materials with crude oil prices soaring. The index highlights an impending slow-down over the summer months and a likely dismal second quarter for manufacturing and industry.<\/p>\n<p>Read more forex trading news on our <a href=\"http:\/\/www.forexyard.com\/blog\/en\/\">forex blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> The Empire State Manufacturing Index for June, published this afternoon, revealed a stark downturn in manufacturing output for New York. The wide gap between expectations and the actual figure are ominous for the American economic recovery considering&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-21717","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=21717"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21717\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}