In a shocking downside surprise, Richmond Fed’s Manufacturing Survey slumped in January, extending the drop from November’s record high to the biggest 2-month crash since 2006…
From a record-high in Nov 2017, Richmond Fed has collapsed… (a 14 print in January is below the lowest economists’ estimate)
The number of employees and average workweek plunged as expectations for new order volume in 6 months time tumbled to its weakest since before the election…
via RSS http://ift.tt/2n2S6rl Tyler Durden