Richmond Fed Manufacturing Survey Collapses By Most On Record

Tuesday, August 23, 2016
By Paul Martin

by Tyler Durden
Aug 23, 2016

Following flash PMI’s drop, another early August indicator has collapsed as Richmond Fed’s manufacturing survey plunges to -11 (lowest since Jan 2013) missing expectations of +6. The plunge from July’s +10 to August’s -11 is the largest on record – back to 1993.

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