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Dallas Fed Manufacturing Index Expands in July

M. Ali 26 July, 2021 8:56 pm Market Update

The manufacturing production in the city of Texas maintained a strong performance in July, data by the Federal Reserve Bank of Dallas showed on Monday.

The Dallas Fed manufacturing production index rose to 31.0 in July from 29.4 in June, as shown by the results of the Texas Manufacturing Outlook Survey.

Meanwhile, the general business activity index decreased to 27.3 from 31.1 last month.

The new orders index remained nearly unchanged at 26.8.

The capacity utilization index steadied at 29.9.

The raw materials prices index amounted to 73.5, down from 80.8 in June.

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