Empire State Manufacturing Survey For September At 4.14

September 15th, 2010 by Belisarius

(For September 2010)

Empire State Manufacturing Survey for September came out at 4.14 vs. 8.0 consensus and 7.1 prior reading. Again bellow consensus; again deteriorating.

It will be hard to produce another miraculous ISM Manufacturing reading.

Chart 1. ISM  vs. Philadelphia FED, Empire State Manufacturing Surveys and Chicago PMI

Source: Bloomberg

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