Recently, the Federal Reserve Bank of Dallas released their latest read on manufacturing in their region indicating that manufacturing activity worsened significantly with the current general business activity index declining to a strong contraction level of -20.1 while the future general business activity index declined to -1.4.
These results are an indication (consistent with other regional and national manufacturing activity data-points) that the U.S. manufacturing sector has slumped into recessionary levels as of late and provides yet another likely harbinger of what is to come in 2016 for the general economy.
