Richmond Fed Manufacturing Disaster: Activity, New Orders, Shipments Plunge

By: Mike Shedlock | Tue, Aug 23, 2016
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The regional manufacturing reports are not having a good go of it this month. The Richmond Fed Region took a huge dive from +10 to -11. New orders lead the collapse, down a whopping 35 points to -20. The Empire State and Philly Fed reports were also weak.


Richmond Fed Synopsis

Business Activity Indexes


Disastrous Numbers

Inventories up, employment up, wages up. Shipments and new orders plunged. What a disaster, and it's not just this regional report.


Disastrous Manufacturing August

 


 

Mike Shedlock

Author: Mike Shedlock

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Mike Shedlock

Michael "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Visit http://www.sitkapacific.com/ to learn more about wealth management for investors seeking strong performance with low volatility.

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