US October Empire Fed manufacturing survey -9.10 vs -4.00 expected

• Prior was -1.5

Details:

• new orders +3.7 vs. +3.7 last month
• employment +7.7 vs. +9.7 last last month
• prices paid +48.6 vs. +39.6 last month
• average workweek +3.3 vs. -0.1 last month
• prices received +22.9 vs. +23.6 last month
• shipments -0.3 vs. +19.6 last month
• unfilled order -3.7 vs. -7.5 last month
• delivery time -0.9 vs. +1.9 last month
• inventories +4.6 vs. +9.4 last month

This uptick is certainly unwelcome but could simply reflect the bounce in oil prices. Prices received continued to decelerate.

Forward-looking 6 with ahead:

• general business conditions -1.8 vs. +8.2 last month
• new orders +2.4 vs. +10.7 last month
• shipments +5.6 vs. +20.1 last month
• unfilled orders -18.3 vs. -23.6 last month
• prices paid +48.6 vs. +47.2 last month
• prices received +36.7 vs. +39.6 last month
• number of employees +17.8 vs. +18.1 last month
• average workweek -8.3 vs. -7.5 last month
• capital expenditures +22.0 vs. +17.9 last month
• technology spending +11.0 vs. +13.2 last month

There are some clear signs of a slowdown here, aside from capex but inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term isn't decerating as fast as the Fed would like.