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Empire Manufacturing Beats Despite Slump In New Orders & Employment

Tyler Durden's picture
Submitted by Tyler Durden on 07/15/2015 08:37 -0400



 

After printing negative for the last 3 months and falling to the lowest since Jan 2013, Empire Manufacturing jumped to 3.86 (beating expectations of a 3.0 print for the first time since Jan). While some will celebrate (and others fear good news is bad news), both New Orders and Number of Employees fell in July, as inventories plunged. The main driver of the jump in the headline index was "hope" once again, rising for the first time since March.

 

 

New orders hover near 2 year lows...

 

Charts: Bloomberg

 
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Wed, 07/15/2015 - 08:46 | 6314688 MFL8240
MFL8240's picture

Why of course, they need some new propaganda to follow the "rate Hike sometime this year" lie by Yellin.  I am scared for my country, we either have the most incompetent group ever in charge or the most corrupt and it may be we have both!

Wed, 07/15/2015 - 08:48 | 6314710 madcows
madcows's picture

I vote BOTH.

Wed, 07/15/2015 - 09:57 | 6314992 yrad
yrad's picture

Dont forget the third group... the "Greedy"

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