The Dallas Fed Manufacturing Survey collapsed! The business activity index fell to its lowest level since 2020.

According to the Wise Finance APP, on Monday, the Federal Reserve Bank of Dallas in the United States released the results of the April "Texas Manufacturing Outlook Survey." The data shows that the overall business activity index plummeted to -35.8, hitting the lowest level since May 2020, a sharp drop of 19.5 points from the previous month. It has been declining for three consecutive months, reflecting the deepening pessimism of businesses about the overall economic environment.