10:44 AM EDT, 04/29/2024 (MT Newswires) -- The Dallas Fed's monthly manufacturing index declined slightly to a reading of minus 14.5 in April from minus 14.4 in March, compared with expectations for an increase to a reading of minus 11.3 in a survey compiled by Bloomberg as of 7:50 am ET.

The reading indicates contraction, which is in line with the Empire, Richmond, Kansas City and the S&P Global Flash Indexes but contrasts with the reading from Philadelphia Fed that indicated expansion.

For Dallas, there were decreases in the readings for employment and prices paid, though the reading for prices paid remained above breakeven point. The readings for production, new orders and shipments increased, though the reading for new orders remained in negative territory.

The reading for the company outlook rose to minus 6.3 from minus 16.2 in March.