Dallas Fed Manufacturing Index Continues to Slide in March, Reflecting Weakness in the U.S. Economy
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According to a report by the Federal Reserve Bank of Dallas, the Dallas Fed Manufacturing Index for March was -14.4, indicating a further decline in factory activity in the Dallas area. This reading is lower than the consensus forecast of -10.5 and the February reading of -11.3. The Production Index was -4.1, Capacity Utilization was -5.7, Shipments were -15.4, and New Orders were -11.8. However, employment increased by 1.5, and wages and prices also saw an increase during the month.
The decline in the Dallas Fed Manufacturing Index reflects the ongoing weakness in the manufacturing sector, which has broader implications for the U.S. economy. The manufacturing sector has been facing challenges, including supply chain disruptions and labor shortages, which have contributed to the contracti...
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