Arab Today, arab today us gauge shows factory output low
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

US gauge shows factory output low

Arab Today, arab today

Arab Today, arab today US gauge shows factory output low

Washington - Arabstoday

A gauge of regional manufacturing activity slumped to a near two-year low in June, suggesting US factories were faltering, overshadowing better than expected readings on the labour and housing markets. The Philadelphia Federal Reserve Bank said yesterday its business activity index dropped to -7.7, the lowest level since July 2009, from 3.9 in May. Economists had expected the gauge of factory activity in the Mid-Atlantic to rise to 6.8 and none had expected a reading lower than zero, which indicates a contraction in activity. Coming on the heels of a survey on Wednesday showing a contraction in factory activity in New York state, the report could stoke fears of a sharp slowdown in manufacturing, a sector that has powered the US economic recovery. Factory activity is being hampered by supply chain disruptions following the Japan earthquake. While both the jobless claims and housing data moved in a better direction, the levels suggested the recovery remains quite weak. Initial jobless claims remained above the 400,000 level for a tenth straight week. Economists say claims would need to drop below that level to offer a clear sign of an improving labour market. At the same time, economists have been dismissive of moves in US housing data because construction and sales have moved to historically low levels. A poll found that economists expect the housing market to sink further this year before prices start rising only marginally in 2012. From / Gulf News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us gauge shows factory output low Arab Today, arab today us gauge shows factory output low

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us gauge shows factory output low Arab Today, arab today us gauge shows factory output low

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday