{"id":1450910,"date":"2024-01-16T13:44:32","date_gmt":"2024-01-16T18:44:32","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1450910"},"modified":"2024-01-16T13:44:32","modified_gmt":"2024-01-16T18:44:32","slug":"empire-fed-manufacturing-survey-suffers-biggest-2-month-collapse-ex-covid-in-history","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/empire-fed-manufacturing-survey-suffers-biggest-2-month-collapse-ex-covid-in-history\/1450910\/","title":{"rendered":"Empire Fed Manufacturing Survey Suffers Biggest 2-Month Collapse (Ex-COVID) In History"},"content":{"rendered":"

Empire Fed Manufacturing Survey Suffers Biggest 2-Month Collapse (Ex-COVID) In History<\/span><\/p>\n

\n

Well, no one saw that coming…<\/p>\n

The New York Fed’s Empire State Manufacturing Survey for January crashed from -14.5 to -43.7 – the worst print in the survey’s history outside of the COVID lockdowns…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

The -43.7 print was a stunning 10 standard deviations below expectations of a bounce to -5.0…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Under the hood, it was a bloodbath. New\u00a0orders\u00a0slumped<\/strong> more than 38 points to minus 49.4, the weakest since April 2020, while shipments dropped<\/strong> by the most since August. Worse still, the index of\u00a0prices paid\u00a0for materials increased<\/strong> to a three-month high.<\/p>\n

<\/a><\/p>\n

But hope remains high as the\u00a0six-month outlook\u00a0for overall activity improved to a three-month high,<\/strong> suggesting manufacturing will stabilize at a weak level. The measure of the outlook for\u00a0capital expenditures\u00a0increased to the highest since April 2023, suggesting a pickup in investment.<\/p>\n

However, the spread between current reality and a hopeful future is at near record highs (record Ex-COVID-lockdowns)…<\/p>\n

<\/a><\/p>\n

“Bidenomics” for the win…<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nTue, 01\/16\/2024 – 08:44<\/span><\/p>\n

\u200bRead More<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Empire Fed Manufacturing Survey Suffers Biggest 2-Month Collapse (Ex-COVID) In History Well, no one saw that coming… The New York Fed’s Empire State Manufacturing Survey…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1450910","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1450910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1450910"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1450910\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1450910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1450910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1450910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}