US Dallas Fed manufacturing index -9.7 vs -17.5 prior

• General business activity: -9.7 vs -17.5 prior
• Company outlook: -9.6 vs -18.4 prior
• Prices paid: +28.2 vs +23.1 prior
• New orders: -4.2 vs -12.8 prior
• Shipments: +0.8 vs -16.3 prior
• Employment: -0.7 vs +7.1 prior

These are decently-hot numbers. This isn’t a market mover but it speaks to the steady state of the economy rather than a looming recession. Note though that other regional manufacturing numbers have been softer whereas Texas is highly dependent on energy.

This article was written by Adam Button at www.forexlive.com.