Briefing
Fifth District manufacturing and the recession: an analysis of subsector performance
Abstract: Over several decades, the relative rise of consumer durables manufacturing and the relative decline of consumer nondurables manufacturing in the Fifth District may have hindered the region's ability to weather the recession of 2007-09. Decomposing the Fifth District Survey of Manufacturing Activity into four subsectors confirms that this new mix of industries contributed to a slightly deeper recession and a slower, weaker recovery in the Fifth District.
Keywords: Economic growth; Federal Reserve District, 5th; Economic conditions; Recessions;
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2011
Issue: Oct
Order Number: 11-10