Magazine article The CPA Journal

Forté Capital's Selected Statistics

Magazine article The CPA Journal

Forté Capital's Selected Statistics

Article excerpt

N.Y. Empire State Manufacturing

The Empire State Manufacturing Survey's general business conditions index remained below its neutral threshold for a second consecutive month, coming in at -2.0. Looking deeper into the numbers, new orders fell from 1 to -7.5, the worst result in six months, and shipments fell from 9 to -9.4, the steepest decline in five years. Employment indicators were also weak, as that index fell from -1 to -14.3, its lowest reading of the year and largest decline since 2012. Much of the weakness can be traced to softness outside of New York City, where Albany and Rochester are both at risk of falling into a recession. One silver lining in the survey is that expectations remain strong. The forward-looking business conditions reversed after a mild summer slump to reach its best reading in a year, with the future number of employees index perhaps the most encouraging measure.

Inventories

Crude oil inventories dropped by an unexpected 6.2 million barrels in the week ending Sept. 16, as compared to analysts' predictions of a 3.4 million barrel increase. …

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