10:42 AM EDT, 06/24/2024 (MT Newswires) -- The Dallas Fed's monthly manufacturing index rose to a reading of minus 15.1 in June from minus 19.4 in May, compared with expectations for a reading of minus 15.0 in a survey compiled by Bloomberg as of 7:55 am ET.

The reading indicates a slower pace of contraction, which is in line with the Empire State reading released earlier but contrasts with the Philadelphia Fed and the S&P Global Flash Indexes that indicated expansion.

For Dallas, there were increases in the readings for production, shipments, new orders, prices paid and employment, though the reading for new orders and employment remained in the negative territory.

The reading for the company outlook increased to minus 6.9 from minus 13.4 in May.