The general business activity metric of the Dallas Fed’s manufacturing outlook survey was a reading of +12.8 in September. This is an increase from the +5.0 reading in August and is the highest the index has been since March of 2012. The above zero reading indicates economic expansion in the manufacturing sector.
This month’s index was composed of 22.9% of businesses surveyed reporting that business conditions had improved during the month, while 10.1% reported that conditions had worsened.
The Dallas Fed was the last of the 5 leading manufacturing surveyed conducted by Federal Reserve banks to report for September. Currently, 4 out of the 5 surveys indicate economic expansion in the manufacturing sector.