Key Insights
- Dallas Fed Manufacturing Index increased from -20 in July to -17.2 in August.
- Production index declined from -4.8 to -11.2.
- New orders index grew from -18.1 to -15.8.
On August 28, the Federal Reserve Bank of Dallas released Dallas Fed Manufacturing Index report. The report indicated that Dallas Fed Manufacturing Index improved from -20 in July to -17.2 in August, compared to analyst consensus of -21.6.
The production index fell from -4.8 in July to -11.2 in August, which was its lowest level since May 2020. New orders index improved from -18.1 to -15.8, while capacity utilization index declined from -2.4 to to -3.7.
Overall, the report highlighted the challenging situation in the manufacturing sector. Treasury yields…
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