Empire Fed Misses (Again), Contracts For 4th Straight Month As Average Workweek Collapses

Monday, November 16, 2015
By Paul Martin

by Tyler Durden

For the 4th month in a row, and 9th month of the last 10, Empire Fed Manufacturing survey missed expectations printing -10.74 (against expectations of -6.34). This is the 4th monthly contraction – the longest streak of contraction outside of recession. Future outlook (hope) dropped to recent lows as New Orders have now contracted for 7 straight months, and number of employees shrinks once again as the average workweek collapsed to the lowest sicne July 2011.

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