November 15, 2010

Who says US manufacturing industry is dead?

It's often said that US manufacturing is dead, dying or insigficant in today's economy. If that's true, why does one single manufacturing trend report from one single region for one single month have so much impact on the value of the dollar?

Forex: Dollar eases after US manufacturing data
FXstreet.com (Barcelona) - The Dollar has pulled down somewhat, trimming previous gains against its main rivals, weighed by well weaker than expected US Empire State Manufacturing Index data. - article on NASDAQ.com
Read more: http://community.nasdaq.com/News/2010-11/forex-dollar-dips-after-after-us-manufacturing-data.aspx?storyid=44976#ixzz15MgYDlUQ
 
US manufacturing is critical to the US economy and if it impacts the value of the dollar - it impacts the whole world. In recent months US manufacturing business has been the only bright spot in our economy. When other sectors are doing well again, lets hope that the economic foundation - manufacturing - will receive the respect and admiration it really deserves.
 
Read about more manufacturing business trends at Industrial Trends Report home.
 

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