September Dallas FED Manufacturing Activity At -17.7
(For September 2010)
Dallas FED Manufacturing Activity was reported at -17.7. The consensus was at -6.0, prior reading at -13.5. Again bellow consensus and again pointing to contraction.
Dallas Fed Manufacturing, Empire State Manufacturing and Philadelphia FED General Business Conditions Index all point to lower ISM manufacturing. Dallas Fed Manufacturing and Empire State Manufacturing both deteriorated in September while Philadelphia FED improved, but remained in negative territory.
Chart 1. ISM vs. Dallas FED, Philadelphia FED, Empire State Manufacturing Surveys and Chicago PMI
Source: Bloomberg
Chicago Purchasing Managers Index, Dallas FED Manufacturing Activity, Empire State Manufacturing Survey, ISM Manufacturing Index, Philadelphia Fed General Business Conditions Index