Dallas Fed Manufacturing Index Improves in July

The Federal Reserve Bank of Dallas manufacturing general business activity index improved in July to -3 from -6.1 in June.

The company outlook index registered a second consecutive positive reading, increasing three points to 5.9.

Meanwhile, the index measuring uncertainty regarding companies’ outlooks surged from 9.1 to 20.9.

The Texas factory activity continued to expand in July following a record contraction in the spring, according to business executives responding to the Texas Manufacturing Outlook Survey.

The production index, increased from 13.6 to 16.1.