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Empire Manufacturing Rebounds To Best In 4 Years But Spending/Jobs Outlook Tumbles

Submitted by Tyler Durden on 05/15/2014 08:39 -0400

After the biggest miss in over a year, Empire manufacturing rebounded phoenix-like to its biggest beat in 5 years and highest level in 4 years (at 19.0). The massive surge in the headline was matched by a huge jump in the number of employees - great news, except that the average work week was stable and proces received tumbled. What is more worrisome - and suggests this spike is entirely unsustainable is the outlook for capex and tech spending dropped, average workweek expectations shrank, and the number of employees is expected to fall.

And here is the outlook section of the report...

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Thu, 05/15/2014 - 08:43 | 4762042 Squid Viscous

i had all my chips on Black 17, damn...better luck next month i guess. what a joke these regional fed #'s are

Thu, 05/15/2014 - 08:50 | 4762070 ilion

Pretty interesting infographic on what countries actually export:
http://armadamarkets.blogspot.com/2014/05/do-you-know-what-your-country-...

Thu, 05/15/2014 - 08:43 | 4762047 Quinvarius

After Walmart shit the bed they needed some numbers today. So they got some numbers.

Thu, 05/15/2014 - 08:44 | 4762051 Stoploss

From 1.29 to 19.0 In one month..... And everything else turned to shit..

LOL!!!

Thu, 05/15/2014 - 08:45 | 4762054 Sudden Debt

ROBOTS DID IT!!

Thu, 05/15/2014 - 08:48 | 4762055 Cruel Aid

Yea, adjusted to 1.9 next month

Fat finger

Thu, 05/15/2014 - 08:48 | 4762057 yogibear

Hopium.

The bots haven't hit the Exit market function yet. Once the Goldman bot leaves they all exit.

Thu, 05/15/2014 - 08:51 | 4762066 Smegley Wanxalot

Wow, must be that spring weather ...

The typical business meeting in corporate america:

"Morning Sam. What's your plan for Q2?"

"Hi Fred. I think we should produce more shit that no one has the money to buy."

"Great idea, Sam! That's why I pay you the big bucks! I take it you'll be golfing again Saturday while I stop by and visit your hot wife, right?"

Thu, 05/15/2014 - 08:49 | 4762067 ...out of space

inflation it start to go up and it will go up, up and away

Thu, 05/15/2014 - 08:50 | 4762075 youngman

The numbers are not even close anymore....who compiles this crap..you would think they would see a problem or two in the answers...things dont change that fast...

Thu, 05/15/2014 - 08:53 | 4762084 IronShield

Hey, I wonder what this means for gold...

Yep, thar it goes. Some things never change. Cockroaches.

Thu, 05/15/2014 - 08:57 | 4762099 NoWayJose

Empire manufacturing must be reflecting the amount of 'numbers manufacturing' that was needed to get this report. They are trying to convince people that there is a recovery, so look for more reports like this.

Thu, 05/15/2014 - 08:58 | 4762101 madbraz

Empire Manufacturing Index = whatever the f%ck B Dudley wants it to be.

Thu, 05/15/2014 - 09:02 | 4762121 Save_America1st

gee, must've been due to all that good/bad weather...on Mars?

Thu, 05/15/2014 - 09:33 | 4762225 orangegeek

Empire Manufacturing Rebounds To Best In 4 Years But Spending/Jobs Outlook Tumbles....As The Fucking Universe Calls Bullshit.

There. Fixed the headline.

Empire Manufacturing Rebounds To Best In 4 Years But Spending/Jobs Outlook Tumbles

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