- Prior 27.54
- New orders -1.73 vs 16.86 prior
- Employment 10.23 vs 3.26 prior
- Average employee work week -1.14 vs 3.26 prior
- Inventories 2.27 vs -7.61 prior
- Prices paid 11.36 vs 23.91 prior
- Prices rec’d 6.82 vs 17.39 prior
A sea of red on the first manufacturing data point of the new month and that’s not good news looking forward. Employment is up though ,which continues to mirror the jobs market, but the work week and thus wages are down.
US Empire state manufacturing index vs Philly Fed 15 10 2014
