Manufacturing activity declined in the Southwest, new data out of the Federal Reserve Bank of Dallas shows.
The key general business outlook index declined to -3.4 from 10.8 a month earlier, indicating largely worsening conditions in the region.
Across the board, manufacturers reported slower results, with employment, new orders and production falling.
Below, key output from the report.
Photo: Federal Reserve Bank of Dallas
A reading of manufacturing activity in the Southwest is minutes away, with expectations for new data out of the Federal Reserve Bank of Dallas to remain mostly positive.
Economists polled by Bloomberg forecast the key index declining 280 basis points to 8.0 in April.
The eleventh district includes activity in Texas, northern Louisiana, and southern New Mexico.