Kansas City Fed Survey Collapses As New Orders Crash Most Since Great Recession

Another data point to ignore... Kansas City Fed's business survey has crashed from a hope-full bounce. Dumping from a +1 print in October, Kansas collapsed to -9, the weakest since May 2015 as across the board components were abysmal. Production, Prices Paid, Employees, and inventories all cliff-dived with New Orders falling the most YoY since the Great Recession.

Recession much?

 

New Orders crashed YoY the most since the great recession

 

 

Charts: Bloomberg