Empire Fed Collapses To Six Year Lows As New Orders Signal Recession Imminent

Monday, August 17, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
08/17/2015

Having ‘stabilized’ in recent months, The Empire Fed Manufacturing Survey just collapsed to -14.92 (from 3.86) missing expectations of 4.50 by the biggest margin since 2010. Across the board it was a bloodbath with New Orders crashing, inventories plunging and employment lower (with both workweek and number of employees falling). The headline data would have been worse were it not for the concurrent spike in ‘hope’ – highest since April.

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