empire manufacturing

Empire Manufacturing Eases Again; Here Are the Particulars

In the worst kept secret in macro economics US manufacturing continues to be pressured under the weight of a strong currency.  The New York Fed’s Empire index declined for the 4th consecutive month, but the details are not as bad as the headline.  Here is the full PDF report.

empire manufacturing

Some particulars from the report…

New orders bumped up, as I believe was the case with the latest ISM that was not as bad as its headline implied.  Also, inventories declined.

empire manufacturing

Employment continues to struggle, however.

empire manufacturing

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