Philly Fed Survey Crashes To Pre-Election Lows

by Tyler Durden
ZeroHedge.com
Thu, 08/16/2018

Is the soft-survey data about to start collapsing back to hard data reality?

Philly Fed survey headline data crashed to 11.9 – the lowest since Nov 2016 (before Trump’s election) – dramatically missing expectations of 22.0 (and well below the lowest economists’ forecast)…

Across the board it was a bloodbath of reality checks as new orders and employment and workweek plunged, shipments tumbled, inventories rose and prices paid (and received) actually fell.

Of course, hope remains that things will re-improve…

The Rest…HERE

This entry was posted on Thursday, August 16th, 2018 at 11:07 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.