Tuesday, September 15, 2009

Another Quick Note

The Empire Manufacturing Survey indicated that manufacturing activity in New York State expanded at a considerable rate. The number of firms reporting higher prices paid increased substantially as well. However, the majority of forms reported that the prices they received declined.

Since these are diffusion indices, it is not possible to simply add them up and compute margins, but it seems clear that pricing power continues to elude manufacturers.

Is you paycheck going further because prices are declining or because your buying decisions have changed?

Is your paycheck going further in the first place?

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