Philly Fed Survey Crashes To Pre-Election Lows

Thursday, August 16, 2018
By Paul Martin

by Tyler Durden
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

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter