FLreports

NEWS: Dallas Fed March manufacturing index -70.0 vs +1.2 in Feb March 30, 2020 at 03:31PM

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That’s not a typo
-70! I’ve never seen that in a PMI. What an absolute cratering.
The special questions were all about the virus impact and one interesting question was about employment.  Among those who cited negative impacts on employment, 69% said it was temporary but a wearisomely-high 30.9% said it was permanent.

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