Following upwardly revised December data, January’s Dallas Fed manufacturing survey printed 22.1 – the highest since April 2010.
Of course, as we noted previously, this is ‘soft’ survey data and not actual economic data, which has yet to produce any notable improvement.
As RBC’s Charlie McElligott noted “it’s time forthe rubber to meet the road” in real economic improvement… as opposed to just hope.
via http://ift.tt/2kLXUCA Tyler Durden