Dallas Fed Survey Plunges Most In 22 Months

Original post

After reaching its highest level since March 2006 in October, Dallas Fed manufacturing outlook tumbled over 8 points (the most since Jan 2016) to unchanged for the year.

Dallas Fed printed at 19.4, notably below expectations of 24.0 (and below the lowest estimate)…

Company Outlooks slumped, production tumbled, capacity utilization fell, new orders slipped, employment plunged, and wages and hours worked dropped… but apart from that, everything is awesome.

This is not the first ‘soft’ survey print to disappoint recently…

As good as it gets?