Posted on 06/26/2023 9:03:20 AM PDT by Kaiser8408a
Dallas after (economic) midnight! Particularly after 5 consecutive months of negative readings.
For the fifth straight month, the Dallas Fed’s Texas Manufacturing Outlook survey disappointed expectations, printing -23.2 vs -21.8 exp) and is negative for a fifth straight month.
Source: Bloomberg
Texas factory activity declined in June, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell three points to -4.2, a reading indicative of a slight contraction in output.
Labor market measures suggest weaker employment growth and declining work hours. Price pressures evaporated, while wage pressures remained elevated…
Yes, the Biden Administration may be the most incompetent administration in US history with Congress a close second. And did I mention CORRUPT??
(Excerpt) Read more at confoundedinterest.net ...
Ray Wylie Hubbard would like a word.....
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