Two hours ago, the "expectation" was that the Empire State Mfgr. survey would be improved from last month's reading.
Well...........no.
The Empire State Manufacturing Survey indicates that conditions deteriorated in November for New York State manufacturers. For the first time since mid-2009, the general business conditions index fell below zero, declining 27 points to -11.1.
More at the link, if you have a strong stomach.
HT: Denninger
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