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Richmond Fed Manufacturing Survey Collapses To 2-Year Lows

Despite Markit's PMI exuberance, it appears the awesomeness did not reach Richmond. Printing at a disastrous -8, against expectations of +3, Richmond Fed is the lowest since January 2013. The last 5 months have seen the index drop at its fastest rate since Lehman.

 

Not awesome...

 

Not awesome-er...

 

Charts: Bloomberg