Loading ...Empire State Manufacturing Misses: New Orders Slide To 16 Month Lows, Capex Plunges
Submitted by Tyler Durden on 03/16/2015 – 08:42 
At 6.90, Empire State Manufacturing missed expectations of 8.00 (and dropped from the previous 6.9 print) for the 2nd weakest print in 11 months. While New Orders tumbled back into the red (and 16-month lows), average workweek and number of employees rose markedly (making this survey once again seem a total farce). “Hope” for the future improved (though remains lower than most of the last year’s prints) but new order expectations, tech spend, and capex all plunged.
