Dallas Fed manufacturing index falls to -10.9 in December

(Sharecast News) - The Dallas Federal Reserve's manufacturing index decreased to -10.90 in December, down from -10.40 in November to its lowest level since June.

Manufacturing activity contracted across the board, with the production index falling 24 points to -3.2, while new orders dropped 11 points to -6.4, capacity utilization crashed 24 points to -4.5, and the shipments index slipped to -10.6.

The outlook index also fell deeper into negative territory at -11.9, pointing to a deterioration in perceptions of broader business conditions.

The Dallas Fed also said price pressures were broadly unchanged, while wage growth showed a slight increase.











Reporting by Iain Gilbert at Sharecast.com