Hard hitting global and local news
See original article: Introducing the Zero Labor Factory (90% Free Actually); Robots at Chili’s, Applebees, Panera
Dallas Fed Manufacturing Index Collapses: Lowest Production Reading in 6 Years, Orders Contract 7th Month, New Orders 5th Month Dallas Fed Manufacturing Index Plunges Below Any Economist’s Estimate Fed manufacturing surveys remain weak at best.
View article: Why Are Economists’ Predictions So Damn Awful?
Read More: Empire State Manufacturing Weaker Than Economists’ Expectations
Read the original post: Factory Orders Positive First Time in 8 Months, Remain Weak
Read the article: ISM Disappoints, Led by Decline in Employment
The Richmond Fed reports Manufacturing Sector Activity Remained Soft; Employment and Wages Grew Mildly Overall, manufacturing conditions remained soft in April. The composite index for manufacturing moved to a reading of -3 following last month’s reading of -8. The index for shipments and the index for new orders gained seven points in April, although both indicators finished at only -6.
The Dallas Fed reports Texas Manufacturing Activity Weakens Again Texas factory activity declined in April, according to business executives responding to the Texas Manufacturing Outlook Survey.
Read More: Kansas City Fed Manufacturing Report: Nearly a Clean Negative Sweep; US Dollar Effect in Spotlight
Philly Fed Positive, but New Orders Stall, Backlog of Orders Contracts, Prices Contract; Why the Optimism? As typical, there is not much to cheer about in the latest Philadelphia Fed Manufacturing Survey . The index is hovering above zero where it has been for months