[US ECONOMY] Longest Manufacturing Decline Since the Recession

Date: 8/16/2012

[US ECONOMY] Longest Manufacturing Decline Since the Recession. The recent Philly Fed Business Outlook Survey, Empire State and Dallas Manufacturing Surveys confirm that this decline is ongoing. While many economists and the Fed are convinced that things will "muddle through", multiple economic reports are showing the distinct "tipping point" pattern that precedes a recession. This broad pattern did not occur during the previous recession scares and indicates that at least the non-service part of the USA economy may already be in recession. If the downward trend continues recession is inevitable.

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