Dallas Fed Outlook Signals 22nd Straight Month Of Contraction
by Tyler Durden
ZeroHedge.com
Oct 31, 2016
Dallas Fed’s Manufacturing Outlook has now contracted for 22 consecutive months (the 2008/9 crisis collapse was 24 straight months) with a -1.5 print in October (missing expectations of +2). Production declined, Capacity Utilization tumbled, New Orders and Average Workweek contracted, and wages dropped (while prices paid rose).
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