US Manufacturing Weakest In 2 Years As Construction Spending Plunges; Mfg Employment Lowest Since 2009
by Tyler Durden
ZeroHedge.com
05/01/2015
April’s Manufacturing PMI printed a minimally disappointing 54.1 (against 54.2 prior and expectations) – its lowest since January and hardly the post-weather Q2 surge everyone was hoping for. New Orders and Production were the weakest since December and export business fell for the first time in 5 months and input prices dropped for the 4th month in a row; all leading Markit to demand The Fed remain patient. ISM Manufacturing missed expectations and has not risen for 5 months (its longest streak since the recession) with a contraction in the employment index to lowest since Sept 2009. And then Construction Spending plunged 0.6% (against a +0.5% exp.) – the 7th miss in 10 months and worst April print since 2009.
The Rest…HERE
