AIRR - Historic Readings From The Dallas Fed

2024-07-29 16:10:00 ET

Summary

• It's a quiet start to the week for economic data, with the only US release being the Dallas Fed's Manufacturing Survey for the month of July.
• Although that reading doesn't make for any sort of new low, it did mark a 27th consecutive month with a contractionary reading.
• General Business Activity Future Expectations rose to 21.6 which is the highest level since November 2021.

It's a quiet start to the week for economic data, with the only US release being the Dallas Fed's Manufacturing Survey for the month of July. Other regional surveys already released this month have been mixed, with the reports out of New York and Philadelphia coming out better than expected, whereas Richmond was much weaker than expected. The Dallas Fed was more in line with that Richmond report. The headline number was expected to improve, rising from last month's contractionary reading of -15.1 up to -14.2. Instead, it fell deeper into contraction at -17.5....

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