‘Soft’ Data Slump Continues – Dallas Fed Misses, Tumbles Most In 14 Months

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Market Commentary

Following disappointing Manufacturing and Services PMIs last week, this week has not started well for the hope embedded in ‘soft’ survey data. After six straight months higher, The Dallas Fed Manufacturing Outlook slumped in March (down 7.6pts to 16.9). This is the biggest drop since Jan 2016 and was lower than all estimates.
New Orders, Inventories, and number of employees all tumbled. Prices Paid and Received fell (but the latter consierably more than the former).

This post was published at Zero Hedge on Mar 27, 2017.