Wednesday, September 16, 2015

Shocking Weakness in Empire State Manufacturing Report Read more at http://globaleconomicanalysis.blogspot.com/2015/09/shocking-weakness-in-empire-state.html#mxQrzyZ1fp4CmiYC.99

"Last month we reported "Out of the Blue" Plunge in New York Region Manufacturing; Optimism Persists

As expected in this corner, there was absolutely no reason to be optimistic about manufacturing. Nonetheless, economists expected a snap-back.

The Bloomberg Consensus Estimate for the Empire State Manufacturing Index was -0.50, up from the August plunge to -14.92. The economists were off by a mile..."
 
at http://globaleconomicanalysis.blogspot.com/2015/09/shocking-weakness-in-empire-state.html#mxQrzyZ1fp4CmiYC.99

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