Monday, August 29, 2011

The Federal Reserve Bank of Dallas Texas Manufacturing Outlook Survey: August 2011

Today, the Federal Reserve Bank of Dallas released their latest read on manufacturing in their region indicating that manufacturing activity continued to slow with current production declining to a weak expansion of 1.1 while new orders turned down to a weak expansion 4.8.

Most importantly, general business activity declined to a contraction level of -11.4, the lowest level seen since September of 2010.