Thursday, October 15, 2015

Declining U.S. Factories, Weak Retail

Two Fed surveys found slightly weaker manufacturing activity. Manufacturing employment also declined slightly. This suggests that the United States is not immune from the global decline in manufactured goods. At Calculated Risk:

A poor report yesterday from retailer Walmart, which sells more consumer goods made in Chinese factories than most U.S. retail chains, points to weak demand as consumers mostly hold on to the “windfall” from lower fuel prices. Walmart also issued a profit warning for next year, citing the strength of the U.S. dollar as a concern. RTT News at Nasdaq:

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