Confirming the weakness reported by regional Fed surveys, New York Purchasing Managers current business conditions contracted for the 3rd month in a row (at 49.2). This is the 5th contractionary print of the last six months and the weakest streak since 2009.

The outlook declined to 5-month lows as purchases, prices paid, and revenues all declined.

http://www.zerohedge.com/news/2016-11-02/new-york-ism-contracts-3rd-month-worst-streak-7-years