• Prior reading was -16.6
  • Employment -8.4 vs +1.8 prior
  • New orders -6.9 vs -18.8 prior
  • Prices paid +3.7 vs -2.8 prior

Bernanke and the Beige Book pointed softening manufacturing, saying it was no longer a source of strength in the recovery. These numbers point to the same thing, especially employment, which is at the lowest since Sept 2009.