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Empire Manufacturing Misses For 7th Month Of Last 8; Outlook Plunges

Tyler Durden's picture




 

Since July of last year, the Empire Fed manufacturing index has only beaten expectations once as March data once again fell below consensus (5.61 vs 6.5 est.) - hardly confirming the weakness is weather-driven. The underlying sub-indices were ugly with the most worrisome being the outlook - despite some optimism for capex, the general business conditions 6-months ahead fell by the most since Oct 2011 to its lowest since July 2013 - which once again suggest this weakness is anything but weather-driven. The number of employees fell as inventories rose but the margin-compressing divide between prices paid and prices received is concerning.

 

 

And hope is fading:

 

 

Preices Received plunged back in line with Prices Received - suggesting hope for margin expansion is long gone...

 

Charts: Bloomberg

 

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Mon, 03/17/2014 - 08:45 | 4557929 firstdivision
firstdivision's picture

This'll help get us to 1900 by noon.

Mon, 03/17/2014 - 08:56 | 4557955 101 years and c...
101 years and counting's picture

the "market" on the verge of tanking. the fed did its job.  they spent 5 years sucking in retail.  retail in, big boys out.  the fed has successfully conned the peasants again so that their masters can steal more money.  quite sickening, but its what the fed wes established for.

Mon, 03/17/2014 - 08:50 | 4557940 SheepDog-One
SheepDog-One's picture

Moar great newz for 'Murka....party on! Don't forget to sign up for HipsterDouchebagCare and sign that check to MyRa!  

Mon, 03/17/2014 - 08:57 | 4557956 GetZeeGold
GetZeeGold's picture

 

 

Please take time to watch the new shame Obamacare promotions.....then get on healthcare.gov and give all your personal information to the hackers.

Mon, 03/17/2014 - 08:51 | 4557946 youngman
youngman's picture

There is an article out this weekend that shows that most of our manufacturing gains..are overseas.....just counted thru a US Based company

Mon, 03/17/2014 - 09:29 | 4558052 duo
duo's picture

Isn't making hamburgers now counted as manufacturing?  I guess for Empire Manufacturing, you have to count White Castle as well as McDonalds.

Mon, 03/17/2014 - 08:52 | 4557947 youngman
youngman's picture

O Sullivan here...HAPPY ST PATRICKS DAY everyone

Mon, 03/17/2014 - 08:55 | 4557954 negative rates
negative rates's picture

O Clampet here, ready to crack down on the under age drinking. 

Mon, 03/17/2014 - 08:54 | 4557951 NoDebt
NoDebt's picture

CNBC called it an "improvement", so I'm going with that.

Mon, 03/17/2014 - 08:59 | 4557961 GetZeeGold
GetZeeGold's picture

 

 

A nuke could be detonating outside the studio....and they'd still be saying that.

Mon, 03/17/2014 - 09:12 | 4557994 NoDebt
NoDebt's picture

Speaking of nukes, I was thinking that one directly over DC would be the only event I would see as bullish, and once again be in stark disagreement with the MSM.

Mon, 03/17/2014 - 09:21 | 4558022 negative rates
negative rates's picture

Why nuke? Just wait for the up coming constitutional convention.

Mon, 03/17/2014 - 09:04 | 4557971 thatthingcanfly
thatthingcanfly's picture

Even Kitco is saying the print was "in line with expectations," and that it "rises to 5.61 from last month."

Didn't they fire Nadler?

Mon, 03/17/2014 - 09:37 | 4558084 Rising Sun
Rising Sun's picture

fuck you Yellen and your fucking family too

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