The following US economic statistics were announced today:

The Dallas Fed general business activity index improved but remained in negative territory, posting at –0.9 versus –1.6 in August. Production, however, jumped to 10.0 from 6.4 while new orders rose to 5.3 from 0.2, both pointing to future improvements in Texas business conditions.

The Chicago Fed National Activity Index fell to -0.87 in August from a revised -0.12 in July. This pulled the 3-month average deeper into contractionary territory, with the average falling to –0.47 from –0.26.

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Dale Franks
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