Dallas Fed Manufacturing Outlook Crashes To April 2013 Lows

Monday, February 23, 2015
By Paul Martin

by Tyler Durden

The Dallas Fed manufacturing outlook plunged in January – despite Richard Fisher’s claims that “everything is awesome” and low oil prices are a net positive for Texas – so it is perhaps not surprising that – with a backdrop of rig count collapses and oil price lows – February’s data (delivered late) plunged-er to -11.2 (against expectations of -4 – 3rd miss in a row – well below every economist’s estimates). This is the lowest since April 2013. This is the fastest 3-month decline since April 2013.

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