ISM New York Drops To September Lows As All Components Decline; Employment Plunges

Monday, April 4, 2016
By Paul Martin

by Tyler Durden

While last week’s Chicago’s PMI staged a strong bounce from its recent contraction and back into expansion, New York did not. ISM New York just printed at 50.4, just barely above the contraction point, and the lowest headline print since mid 2015. But the most troubling reading was the employment print, which after staging a strong rebound last month, collapsed to just 40.9, the second worst print in the current decade.

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