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Chart Of The Day

Regional Fed Surveys Paint a Dreary Picture of Economic Growth….

Recent regional manufacturing data has been notably weak with the Philly Fed Survey posting -12.9, KC Fed posting +5, Richmond Fed posting -17, Empire State posting 7.4, and then today’s Dallas Fed survey at -13.   It all paints a picture of weakening trend growth.  The consensus reading is now pointing to a ISM reading below 50 (via @Not_Jim_Cramer):

(click for larger image)

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