10:38 AM EDT, 04/30/2024 (MT Newswires) -- The Dallas Federal Reserve's monthly general business services index declined to a reading of minus 10.6 in April from minus 5.5 in March, indicating faster contraction.

There were declines in the readings for almost all its components.

The index is in line with the readings from the Philadelphia Fed and Richmond Fed but in contrast with the Kansas City and the S&P Global flash indexes that suggested expansion. The ISM's national reading is due to be released on Friday.