The general business activity index of the Dallas Fed Manufacturing survey was a reading of +5.0 in August. This is an increase from July’s reading of +4.4, and indicates economic expansion in the manufacturing sector at a slightly faster pace.
This month’s figure was composed of 20.2% of businesses surveyed reporting that business conditions had improved during the month while 15.2% reported that conditions had worsened.
The Dallas Fed Manufacturing is the 4th of the 5 leading regional manufacturing surveys conducted by Federal Reserve banks to report for August. Currently, all regions except for Richmond indicate economic expansion in the manufacturing sector.