10:40 AM EDT, 10/28/2024 (MT Newswires) -- The Dallas Fed's monthly manufacturing index rose to a reading of minus 3.0 in October from minus 9.0 in September, compared with expectations for a decrease to a reading of minus 9.2.

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

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 minus 3.3 in October from minus 6.4 in September.