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The Hedging Corner: Manufacturers take a hit, big banks cash inThe Hedging Corner: Manufacturers take a hit, big banks cash in
"U.S. manufacturing growth slowed substantially in May, as the ISM index fell to 53.5, the lowest level since September 2009. ... higher commodity prices and a sharp decline in automobile production cut into manufacturing growth and put a chill on hiring." Bad news, that, as reported by the Wall Street Journal in its article, High Commodity Prices Slow Manufacturers (WSJ, June 1, 2011).
Tom Langan
June 7, 2011
3 Min Read
.svg?width=850&auto=webp&quality=95&format=jpg&disable=upscale "The Hedging Corner: Manufacturers take a hit, big banks cash in")
"U.S. manufacturing growth slowed substantially in May, as the ISM index fell to 53.5, the lowest level since September 2009. ... higher commodity prices and a sharp decline in automobile production cut into manufacturing growth and put a chill on hiring." Bad news, that, as reported by the Wall Street Journal in its article, High Commodity Prices Slow Manufacturers (WSJ, June 1, 2011). [See related articles here and here on PlasticsToday.]
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