Dallas Fed Region Activity Plunges to Lowest Reading Since 2009; Production Collapsed
Monday, January 25, 2016 13:19
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by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis
Those expecting a bounce in manufacturing following an alleged improvement in the Philadelphia Region were mistaken.
In Philadelphia, all that really happened was that things got worse at a decreasing rate.
[...] Dallas Region Collapse
The Dallas Fed General Activity Index plunged to -34.6 from a revised reading last month of -20.1. The Econoday Consensus Estimate was -14.0 in a range of -17.0 to -10.0. The production index, also plunged. Last month the index was in positive territory at 12/7. It’s now -10.2.
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Source: http://financialsurvivalnetwork.com/2016/01/dallas-fed-region-activity-plunges-to-lowest-reading-since-2009-production-collapsed/?utm_source=rss&utm_medium=rss&utm_campaign=dallas-fed-region-activity-plunges-to-lowest-reading-since-2009-productio
