Down from last month, but worse than consensus.
A bummer, but not going to be a huge shock to anyone.
The markets were lower heading into the morning, and remain so.
More significant are retail sales, which came in weaker than expectations.
Background: This number has been trending frighteningly higher lately, to the point that it’s almost a trend.
The current survey expectation is for 430K, down from 474K last week.