Dallas Fed Mfg Index Declines in June
June 30, 2008 – 4:52 amTexas 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.”