Dallas Fed Manufacturing Index Falls More Than Expected

Monday, 25 March 2024, 14:34

The latest Dallas Fed manufacturing index fell to -14.4, missing expectations and marking a significant decrease from the previous reading of -11.3. The negative output index of -4.1 compared to the prior +1.0 indicates a downturn in manufacturing activity. The disappointing data suggests potential challenges ahead for the manufacturing sector, warranting close observation for future developments.

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Dallas Fed Manufacturing Index Update

The Dallas Fed manufacturing index has experienced a notable decline, dropping to -14.4 from the previous reading of -11.3. This indicates a weaker outlook for the manufacturing sector. The output index also dipped to -4.1, signaling a contraction in manufacturing activity compared to the prior period.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.