Dallas Fed Contracts For 3rd Straight Month, Confirming Regional Survey Slump
Dallas Fed Contracts For 3rd Straight Month, Confirming Regional Survey Slump
Against expectations of a rebound to 0.0, The Dallas Fed Manufacturing Outlook survey disappointed in December, sliding from -1.3 to -3.2 – in contraction for the 3rd straight month…
The Dallas Fed survey has been in contraction for 7 months this year…
Source: Bloomberg
Under the hood was just as unimpressive with New Orders Growth rate contracting and Finished goods contracting along with the six-month outlook dropping further.
Dallas joins, Philadelphia, Kansas, Chicago, and Richmond in their regional weakness in December…
Source: Bloomberg
But, but , but, The Fed is on hold!?
Tyler Durden
Mon, 12/30/2019 – 10:39
Original source: http://feedproxy.google.com/~r/zerohedge/feed/~3/nw7tj207W1w/dallas-fed-contracts-3rd-straight-month-confirming-regional-survey-slump
