The Fed is looking for ‘some improvement’ Let me know if you see any! 😉
Sideways at best as this prior source of growth is no longer contributing:
After just one day it’s come down a bunch:
United States ISM New York Index
The ISM NY Current Business Conditions Index fell to 49.2 in October 2016 from 49.6 in September. Volume of purchases continued to fall (44.3 from 47.1 the previous month) and current revenues went up at a slower pace (51.4 from 51.6). By contrast, employment returned to growth after falling to the lowest in eight years in September (50.6 from 33.9) and expected revenues grew further (60.3 from 56.7). The Six-Month Outlook fell for the second month in a row, coming in at 56.9 in October from 59.6 in September.