10:38 AM EST, 12/30/2024 (MT Newswires) -- The Dallas Fed's monthly manufacturing index rose to a reading of 3.4 in December from minus 2.7 in November, compared with expectations for a decrease to a reading of minus 3.0 in a survey compiled by Bloomberg as of 7:45 am ET.

The index indicates expansion, which is in line with the Empire State reading but in contrast with the Philadelphia Fed, Kansas City, Chicago PMI and the S&P Global flash indexes that signaled contraction.

For Dallas, there were gains in the readings for production, shipments and new orders but declines in the readings for prices paid and employment.

The reading for the company outlook increased to 8.0 from 5.8 in November.