Last week, two regional surveys which often track conditions nationwide, the purchasers'reports for Chicago and New York metropolitan areas, portrayed a manufacturing sector that's perking along.
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Underscoring the potential for a slowdown in manufacturing, a regional survey released today by the Federal Reserve Bank of Philadelphia said factory production tailed off this month.
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At the same time, a separate regional survey from the Federal Reserve Bank of Richmond showed manufacturers'business activity slowed last month while their finished goods prices rose.
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In the minutes after the release of today's regional survey the benchmark 30-year U . S . Treasury bond was little changed, yielding 6 . 06 percent.
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The Fed released its regional survey, commonly known as the beige book, through the central bank's Internet site at 12 : 10 p . m . Washington time.
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But many say Buchanan peaked in the region after New Hampshire, and this assessment was supported in a regional survey by the Roper Center for Public Opinion Research.
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In the minutes after the release of today's regional survey the benchmark 30-year U . S . Treasury bond held onto earlier gains, yielding 6 . 30 percent.
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Underscoring the potential for a slowdown in manufacturing, a regional survey released today by the Federal Reserve Bank of Philadelphia said growth in factory output slid this month.
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On Wednesday, the catalyst was Cisco Systems'mediocre earnings report and a Federal Reserve regional survey, also known as the beige book, which showed widespread weakness across the economy and country.
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This was needed since according to a regional survey, almost 7 % of Churchill County students have used methamphetamine, and anecdotal data points to a number closer to 15 %.
