{"id":21759,"date":"2011-06-17T02:57:40","date_gmt":"2011-06-17T06:57:40","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=14692"},"modified":"2011-06-17T02:57:40","modified_gmt":"2011-06-17T06:57:40","slug":"philly-fed-manufacturing-data-underlines-economic-stagnation","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/06\/17\/philly-fed-manufacturing-data-underlines-economic-stagnation\/","title":{"rendered":"Philly Fed Manufacturing Data Underlines Economic Stagnation"},"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>This afternoon\u2019s publication of the Philly Fed Manufacturing Index cast doubt on speculations for positive growth in the second quarter across the manufacturing and industrial sectors of the American economy. The reading\u2019s significant contraction underlined the growing weakness in the nation\u2019s manufacturing sector, first outlined by the Empire State index published yesterday.<\/p>\n<p><span id=\"more-14692\"><\/span>With <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/06\/17\/us-building-permits-foreshadow-rise-in-summer-construction\/\">global manufacturing <\/a>in such sharp decline, many analysts are beginning to consider the possibility of significantly reduced growth outlooks in several leading industrial nations. Forecasts for today\u2019s numbers were for a mildly bullish reading of 7.1. The negative 7.7 reading published recently has helped drive many more investors into risk flight mode, which in turn is driving the safe-haven USD and CHF ever higher.<\/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> This afternoon\u2019s publication of the Philly Fed Manufacturing Index cast doubt on speculations for positive growth in the second quarter across the manufacturing and industrial sectors of the American economy. The reading\u2019s significant contraction &#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-21759","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21759","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=21759"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21759\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}