4/2/13, "Manufacturing figures weigh on Wall Street," Yahoo News Australia, Alicia Barry
"Wall Street slipped on Easter Monday as investors worried about weakness in the US manufacturing sector.
Private figures showed US factory activity grew by less than forecast in March as production slowed and orders eased, with the Institute for Supply Management's factory index falling to 51.3 in March from 54.2 a month earlier.
Economists had forecast a reading of 54."
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4/1/13, "Manufacturing ISM Tumbles, Biggest Miss In 13 Months," Zero Hedge
"Moments ago, the March ISM printed at 51.3, the biggest miss to expectations (of 54.0) in 13 months, in fact below the lowest estimate, driven by a collapse in New Orders which tumbled from 57.8 to 51.4, as the rapid deceleration in the US economy is confirmed in virtually every recent metric. The good news, and what will be used to spin the market back into green following its epic 0.2% selloff on the news, is that the Employment Index rose from 52.6 to 54.2, the highest since June 2012. Elsewhere, the 1.2% increase in construction spending came in better than estimated... on a seasonally adjusted basis. Unadjusted it had its biggest drop since July 2011 but who cares: we all live in a seasonally-adjusted "reality" in which only the daily record S&P prints matter. And now, with yet another economic miss in tow, we resume your regularly scheduled no-volume Federal Reserve mandated "stock market" levitation."...
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