FYI: After two straight months of improvement, manufacturing activity in the Dallas region took a turn for the worse in August. While economists were expecting the headline Dallas Fed Manufacturing Index to show a slight improvement to -4.0 versus last month’s level of -4.6, the actual reading was much worse than expected at -15.8 and brings the headline index of current conditions back near its recent lows. Like the current conditions index, the headline index for conditions six months from now also declined this month, falling from 18.8 down to 3.4, but still remained slightly positive.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/dallas-fed-disappoints/
