Richmond Fed manufacturing index +1 vs +15 expected

Details:

• New orders 0 vs 26 prior
• Shipments -2 vs +25 prior
• Order backlog -15 vs +4
• Employment +6 vs +5 prior
• Wages +23 vs +21 prior
• Prices paid 1.37% annualized
• Prices received +1.08% annualized

Just a terrible report as the early-year optimism is wiped out.