“My Order Book Is Abysmal” – Dallas Fed Contracts For 21st Straight Month

Monday, September 26, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Sep 26, 2016

For the 21st month in a row, Dallas Fed’s manufacturing outlook remains stuck in contraction (-3.7 vs -2.5 exp). This is the longest streak outside of recession in the survey’s history as new orders cratered (one respondent noting “my order book is abysmal”) and inventories tumbling (not good for GDP).

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