Empire State Index Collapse: US Recessionary Turning-Point?

[skwdenyer]

Collapse in Empire State Index: "Startlingly Terrible, but Scarcely Believable":
https://www.poundsterlinglive.com/economics/17394-...

The 2nd-largest drop on record for a key measure of US manufacturing industry health. This drop is larger than during the banking crisis.

The question is whether it is some sort of outlier, or the starting gun for a deep and very painful US recession.

[Ivan stewart]

Think it’s just going to be so until the next election,
Rudderless and weak administration ..