alice

Empire Manufacturing Drops

From the New York Fed:  “The September 2015 Empire State Manufacturing Survey indicates that business activity declined for a second consecutive month for New York manufacturers.”

Full PDF report here

empire manufacturing survey

Some notables from the report…

general business and new orders

empire manufacturing survey

A Zero Hedge post headline equates this to a coming recession.  In normal economies that is the case and in the US economy perhaps it is too (ref. NFTRH 360 excerpt “No Recession, But…”).  But a couple points of consideration…

  1. This is a highly financialized economy and…
  2. As we note each month post-Payrolls, the strong dollar-fueled consumer economy is doing all the economic lifting right now.  i.e. manufacturing weakness, which we were the first that I know of to note, has not yet bled over to the bloated services sectors.

Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH.