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Dallas Fed manufacturing gauge drops in September
| Steve Goldstein
Posted on 09/26/2011 8:01:12 AM PDT by Free Vulcan
Edited on 09/26/2011 8:03:34 AM PDT by Admin Moderator.
The production index—a key measure of state manufacturing conditions—rose from 1.1 to 5.9, suggesting growth picked up this month after stalling in August.
Positive readings in the survey generally indicate expansion of factory activity, while readings below zero generally indicate contraction.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: dallas; fed; index; manufacturing
A very mixed report, though outlook has worsened quite a bit.
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