Dallas Fed's manufacturing index dipped 1.2 points to 1.5 in September
Dallas Fed's manufacturing index dipped 1.2 points to 1.5 in September after rebounding 9.0 points to 2.7 in August following three straight months of declines. It's above the -2.9 6-month average, but it was at 27.5 a year ago. The sub-indexes were mixed. The employment component climbed to 18.8, more than tripling the August's 5.5 and is the best since last October. The workweek rose to 5.7 from 4.0, though wages fell to 17.4 from 27.3. New orders dipped to 7.1 versus 9.3. The prices paid index jumped to 20.3 from 9.8, with prices received at 1.0 from -2.6. The 6-month general activity index slumped to -6.8 versus 1.4, with the future employment gauge at 15.9 from 22.9, and new orders at 23.9 from 23.7, while prices paid were 20.0 from 11.8, and prices received at 11.5 from 9.1. The mix of data won't give the markets any direction.