There have been times when I’ve missed my old manufacturing days, but decelerating as the sector is, this is not one of them. In this atmosphere price increases are non-existent and in some cases price decreases can even be demanded by customers (cue the image of my customer, the materials manager of the Medical/Life Sciences Instrumentation division of Parker Hannifin, actually showing up in my office with a chart of the bombed out copper price). Today he’s probably got a chart of copper and oil at the ready for suppliers to err, consider. Anyway, I digress. Here are the Philly and Empire data.
Philly: Manufacturing Business Outlook Survey (October)
NY Fed: Empire State Manufacturing Survey
Here are a few of the more troubling items from the Empire report..
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