Kansas City Griefs: Manufacturing Survey Screams Stagflation In January | ZeroHedge

Regional factory activity in the Tenth District of the Kansas City Fed declined sharply in January, with production and new orders plunging but prices paid soaring.

The headline index tumbled from -1 to -9 – a contraction was driven more by durable goods manufacturing, particularly nonmetallic mineral and primary metal manufacturers.

That was the 16th straight month without a positive (expansionary) print.

Under the hood it was a bloodbath…

With prices soaring as growth signals weaken…

Comments from respondents were not all upbeat

…and stocks are at record-er and record-er highs and Bidenomics is working!

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