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
No comments:
Post a Comment