Wednesday, January 16, 2013
WEAK BEGETS WEAKNESS
WASHINGTON (MarketWatch) — Manufacturing activity in the New York area contracted for the sixth straight month in January as orders dried up given uncertainty over the economic impact of U.S. fiscal policy, the New York Federal Reserve Bank said Tuesday.
The index fell to negative 7.8 in January from a revised negative 7.3 in December, originally reported as negative 8.1.
Economists polled by MarketWatch expected the index to stay in negative territory at negative 2.8 in January. See comprehensive economic calendar.
LINK TO FED CHART
Smoke and mirros economy continues, lining the pockets of the CONENCTED, bending ocver most everyone else.
Posted by Marc R at 6:15 AM