Federal Reserve Revises Manufacturing Reports

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The Federal Reserve may have delivered some bad news to American manufacturing, not from policy but from data revisions. According to the Reserve’s annual revisions to its manufacturing production data, released April 1, the domestic manufacturing industry‚Äôs inflation-adjusted growth has been much weaker than previously estimated, both recently and since the current economic recovery began. specifically, the revision shows that US manufacturing has lost nearly four times as much production ground since the last recession broke out than even the prior downward revision revealed. Read more here.

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