Dallas Fed Manufacturing Index plunges to -17.7 in June vs. -3.1 expected

Dallas Fed Manufacturing Index fell sharply in June. The US Dollar Index continues to fluctuate near 104.00 after the data. The headline General Business Activity Index of the Federal Reserve Bank of Dallas’ Texas Manufacturing Survey plunged to -17.7 in June from -7.3 in May. This print missed the market expectation of -3.1 by a … Read more

May’s Durable Goods Orders report shows no signs of slowing in the manufacturing sector – Wells Fargo

Data released on Monday showed Durable Goods Orders rose more than expected in May. Analysts at Wells Fargo point out the report presented gains despite softening demand for goods and signs of slowing activity in regional Fed manufacturing surveys. According to them, a broad-based gain in core capital goods shipments should lift estimates for second-quarter … Read more

April report offers a mixed read on the state of the industry – Wells Fargo

Data released on Wednesday showed an unexpected acceleration in the US ISM Manufacturing PMI Index in May from 55.4 to 56.1. According to analysts at Wells Fargo, the report offers a mixed read on the state of the industry. “Orders and order backlogs are growing at a faster pace. Meanwhile, supplier deliveries are getting better … Read more