Economics
Another Regional Fed Factory Survey Shows New Orders Weakening
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A third regional Federal Reserve factory survey this month showed weakness in new orders, adding to signs of a global slowdown in manufacturing.
The Dallas Fed said Monday that its index of new orders fell to 2.4 in March, the weakest reading for the gauge of Texas factories in more than two years. The reading comes on the heels of soft new-orders readings from the New York Fed’s Empire State survey and the Philadelphia Fed’s regional gauge.