The Federal Reserve Bank of Dallas Texas Manufacturing Outlook Survey: December 2011

Yesterday, the Federal Reserve Bank of Dallas released their latest read on manufacturing in their region indicating that manufacturing activity worsened slightly with the current general business activity index declining to a contraction level of -3 while the future general business activity index increased to 10.3.

These results are coming, more or less, inline with the other regional manufacturing survey all indicating that business activity has slowed sharply in 2011 and may possibly indicate recession is upon us.