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  • Dallas Fed’s survey shows slight improvement in manufacturing activity in July.
  • Wall Street’s main indexes trade in the positive territory on Monday.

The economic activity in Texas’ manufacturing sector declined at a softer pace in July than it did in June with the General Business Activity Index of the Federal Reserve Bank of Dallas’ Manufacturing Outlook Survey rising to -3 from -6.1. 

Further details of the publication revealed that the Manufacturing Output Index rose to 16.1 from 13.6 and the Company Outlook Index edged higher to 5.9 from 2.7.

“Expectations regarding future business activity remained universally positive in July, though some were less positive than last month,” the publication read. “The future production index slipped to 37.2, while the future general business activity index dropped nine points to 10.6.”

Market reaction

Markets largely ignored this data and Wall Street’s main indexes were last seen gaining between 0.5% and 1.3% on the day.