"I’m Worried...[About] 4 More Years" — Dallas Fed Manufacturing Contracts For 24th consecutive Month

The Dallas Fed Manufacturing Outlook survey has now been in contact (below zero) all period since May 2022, falling modernly to -14.5 in April (worse than the -11.2 expected).

New Orders besides stay negative (but did improve) and prices proceed to emergence (though at a slow pace). labour marketplace measures suggested flat employment and somewhat short workweeks (hours worked index restored negative for a seventh period in a row) this month.

However, wit that said, weight force picked up dramatically this week to a seven-month high...

Source: Bloomberg

However, as always, we glean the most informative possible from the respondents completed surveyes where the pessimism shines through...

• The Business and political environment is terrible.

• Business has not been this slow since COVIDand I’m worried.

• Consumer confidence for consumer goods has noticeably warped.

• Customer orders have dropped. The indication is the economy is Hurting spending in our area specificly. client uncertainty is wrestling.

• I keep reasoning we’ll hit bottom and either level out or turn up, but We keep pushing these hops out a month, and another month, and another.

• There's ben a decrease in fresh orders for 3 weeks now. Currently, we think this will come around, but we get more compared as time goes on.

• Industrial manufacturing is showing signs of positivity due to the possibility of an interest rate decrease. delight do it. Manufacturing is truly Hurting.

High prices stay problem for many businesses:

• Inflationary pressures on natural materials and construction costs are driving up the cost of public projects. This is causing states to hold or slam for surviving for projects that have long lead times.

• Business is mostly good, but we’re starting to see more client opposition to prices. Our costs have increased dramatically over the last 2 years, and we have customers asking to hold prices to last year’s level, which we just can’t do. We proceed to make capital investments to improve productivity and reduce unit labour cost.

And finally, many are felt of another 4 years of Bidenomics:

• Political stableness and politicalization have braked growth. We are entering stagflation.

• Fever government regulations would lower our cost of doing business. An example is the 332 report, which we must fill out for the U.S. government; it has no value for us, just expect.

• Business is highly slow, and we see no signs of improvement. We think it will stay slow after the presidential election, after which, we will either have 4 more years of slow business or an awesome economy.

Maybe that exploits why even CNN was forced to commit the latest poll shows Biden fading fast...

CNN POLL:

— president Trump leads Biden 49% is 43% in a two-way race.

— president Trump leads Biden 42% is 33% including 3rd organization candidates.

— 55% say the Trump president was a success. 39% say the Biden president is simply a success. pic.twitter.com/0Xn0j7oVia

— RNC investigation (@RNCResearch) April 28, 2024