7/30/12, "Dallas Fed Plunges Most In Over 7 Years To 10 Month Low; With Biggest Miss In 14 Months," Zero Hedge
7/30/12, "Dallas Fed July Business Activity Index Drops to -13.2 vs. 5.8 in June," WSJ.com, Dow Jones
"Business conditions in Texas-area manufacturing worsened sharply this month amid questions about future government policy although production, orders and employment stayed positive, according to a report released Monday by the Federal Reserve Bank of Dallas.
The bank said its general business activity index plunged to -13.2 in July from 5.8 in June. July's is the weakest number in 10 months. The company outlook index fell to 1.6 from 5.5....
The Dallas Fed survey is the last of the regional Fed factory reports. In general, the other surveys show a weakening in factory activity, led by falling orders.
In the Dallas Fed survey, much of the overall pessimism reflected uncertainty about Washington policy.
The report included responses that said, "Additional federal regulations from health-care laws and other agencies and the very negative tax situation have caused us to change our hiring policy," and "Businesses have put major projects on hold until after the election."
The Dallas subindexes, however, still showed some expansion, although at a slower rate than in June. The new-orders index in July slowed to 1.4 from 7.9 in June. The production index for the current month slipped to 12.0 after jumping to 15.5 in June."...