Lowest since since February…the market had expected 52.5.
Also crossing the wires is the Richmond Fed survey. It fell to -2 in September from +11 in August.
These figures will get the QE drumbeats pounding once again. US 10- year note yields are withing 5 bp of trend lows, now at 2.47% from near 2.85% little more than a two weeks ago.
Finally the Business Roundtable survey of CEOs saw it index fall to 86 in Q3 from 94.6 in Q2…
Warm up the chopper, Ben…
