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Dallas Fed Mfg Index Declines in June

Texas business activity declined further in June according to the Dallas Fed's manufacturing report on Monday, whose business activity index fell to -24.1 from May's -10.3.

"Several indicators for current conditions declined from May levels and turned negative," read the report. "Despite June's slowdown, more than a third of manufacturers responding to the survey expect increases in production and volume of new orders six months from now."