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Issues and events that shape Long Island's economic and legislative landscape.

Thursday, December 18, 2014

Statement From LIA Chief Economist

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Statement From LIA Chief Economist on Decline in Durable Goods

"Today's unexpected decline in durable goods orders points to potential weakness in manufacturing.  But this may reflect a pause after strong growth in November orders.  Moreover, the Institute for Supply Management's manufacturing index in December was the second highest reading since April 2011 and is at a level indicating growth in manufacturing.  This mixed evidence highlights the fragile nature of the economic recovery," said John Rizzo, LIA Chief Economist.