Tuesday, January 05, 2016

The Federal Reserve Bank of Dallas Texas Manufacturing Outlook Survey: December 2015

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.