Empire State Manufacturing Survey Strikes Back! Falls 14.7%, Back To Great Recession Level

The Empire Strikes Back!

The Empire State Manufacturing Survey of General Business Conditions fell 14.67% in September. the second month in a row for -14+% declines.

empirefalls

The rest of this morning’s economic news was pretty …. meh. Industrial production fell by the most in three years.

news4

I wonder what Lockhart, Fischer, Yellen and Dudley are thinking right about now?

empirestrikesbackbdcap3_original

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.

Get Access