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IPFS News Link • Economy - Economics USA

Dallas Fed August Manufacturing Activity Comes At -13.5%, Below Expectations

08-30-2010 • ZeroHedge.com

Plastics and Rubber Products Manufacturing Our business is still weak, and our customers are very slow with new projects. Nonmetallic Mineral Product Manufacturing The oil spill and policy actions have had a negative impact on our customer base located in Louisiana, with a decline in jobs and earnings in the region. We are involved in some oil and gas operations, and we have seen an increase in activity in anticipation of tighter permitting and other rules. Fabricated Metal Product Manufacturing The net effects of the deepwater drilling moratorium remain to be seen. It could potentially have a much larger impact within the next 12 to 24 months if it continues.

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Reported By Jack Gregson

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