Dallas Fed Tumbles (Again) – 17th Consecutive Month Of Contraction
by Tyler Durden
ZeroHedge.com
05/31/2016
This is the 17th month in a row of contraction for Dallas Fed’s manufacturing survey as the headline print plunged to -20.8 from -13.9 (missing expectations of a hopeful bounce to -8.0 by 6 standard deviations). Despite the unequivocally good rebound in oil prices, sentiment in Dallas remains dismal with new orders crashing as even ‘hope’ has now given way to realism as the 6-month outlook tumbles back into negative territory.
The Rest…HERE
