• Prior reading was -12.9
  • Employment -8.6 vs -8.4 prior (fresh low since Sept. 2009)
  • New orders -5.5 vs -6.9 prior
  • Prices paid +11.2 vs +3.7 prior
  • Six-month business conditions +12.5 vs +19.3 prior

Close to expectations and the details are similar to last month. The initial takeaway is mild risk aversion with yen gains and CAD declines as the clearest features.