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Try right-clicking on the layout tab and going to Page set-up manager and double checking that your units are set to the right ones.
I had the exact same issue. Took me forever to figure out, but here's what worked for me:
- in page set-up manager, modify your current layout.
- adjust your plot scale 1:1000 (1mm = 1 unit) assuming your working in metric as I am (mine was set 1:25.4 from a previous imperial unit set-up)
Check the hierarchy of your point groups and see if there is an odd group in there. Yet another reason why I dislike Point group display control.