Following increases in the mfr’g indices of the NY and KC regions and the negative readings from Philly and Richmond, the July Dallas mfr’g index fell to -13.2 from +5.8 and is well below expectations of +2.0. Weakness from June was seen in production, new orders, backlogs, inventories, employment and cap ex with a slight increase in prices paid and received and a good jump in wages. The overall 6 month outlook fell to -7.3 from +1.3, the 1st time below zero in 10 months. Today’s figure will be followed by the Chicago area tomorrow and the national ISM Wednesday where expectations are for a slight increase from 49.7 to 50.2.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.