The survey's broadest measure of manufacturing conditions, the diffusion index of current activity, improved from -39.3 in November to -32.9 this month. The index, which fell a dramatic 41 points in October, has remained near its current low reading for the past three months, and expect continued declines over the next six months.
The current employment index fell for the third consecutive month, decreasing four points, to its lowest reading since September 1982.
From Bonddad: Manufacturing tanking hard
This is a significant decline which happened quickly. It indicates the slowdown is extreme, sharp and very sudden.
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