US April Philadelphia-area manufacturing survey
- Lowest since 1980
- Prior was -12.7 (worst since 2012 at the time)
Details:
- New orders -70.9 vs +33.6 -- lowest ever
- Employment -46.7 vs +9.8
- Prices paid -9.3 vs +16.4
- Prices-received -10.6 vs +17.1
- Inventories -10.2 vs +1.7
- Full report
A full 100 point swing in new orders is something we will never see again. That's insane.
