As per Bpaynews, the Dallas Fed’s manufacturing business index dropped to -10.4 in November from -5.0, signaling a deeper contraction in Texas manufacturing activity. Despite the weak headline, production, new orders, and capacity utilization all rose sharply, showing stronger operational performance. The report highlights a mixed picture for the sector, with improved output metrics contrasting with deteriorating sentiment. Forward-looking indicators, including future production and business activity, showed modest improvement. The data may influence market positioning ahead of national manufacturing and inflation reports.
Dallas Fed Manufacturing Index Falls to -10.4 Amid Mixed Production Gains
BpaynewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.