Business

Fed Reports Offer Mixed Picture of US Manufacturing

Texas survey respondents say the course of U.S. manufacturing will hinge on the November election outcome.
Fed Reports Offer Mixed Picture of US Manufacturing
Workers assemble cars at a Ford plant in Chicago on June 24, 2019. Jim Young/AFP via Getty Images
Andrew Moran
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Texas manufacturing contracted in September for the 28th straight month, according to a recent survey by the Federal Reserve Bank of Dallas, one of several regional reports that gave a mixed picture of the nation’s factories.

The Federal Reserve Bank of Dallas Manufacturing Index was negative 9.0 in September, up from negative 9.7 in August. This was worse than the consensus estimate of negative 4.5.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."