THE BASIS POINT

Regional Indicators down.

 

Chicago PMI  (August 2015)

– Business Barometer  54.4. Previous was 54.7.

 

Dallas Federal Manufacturing Survey (August 2015)

– General Activity Index -15.8. Previous was -4.6

This Index has been depressed lately by the temporary shut down of so many oil rigs. The 3 previous months were -20.0, -7.0, and -4.6.  The -15.8 was well below consensus.

 

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