Prior was +12.5
Details:
- 6 month index: 6.9 vs 5.6 last month
- Capex index 6-month forward: 2.0 vs 13.4 last month
- Employment: 0.2 vs 19.7 last month
- Prices paid: 51.0 vs 48.3 last month
- New orders: -34.2 vs 8.7 last month
- Shipments: -9.1 vs 2.0 last month
- Unfilled orders: -1.1 vs 0.6 last month
- Delivery time: -2.6 vs 4.1 last month
- Inventories: -0.9 vs -5.7 last month
- Average workweek: -12.7 vs 8.7 last month
Look at that new orders number. It’s back to covid-era levels. They have only been worse twice: April 2020 and March 2009.
This article was written by Adam Button at www.forexlive.com.