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BUSINESS BEAT : Manufacturing takes a fall

Jan 01, 2019 - Los Angeles Times

Five Federal Reserve indexes of regional manufacturing slumped in December, the first time they've fallen in unison since May 2016 and the latest evidence that a pillar of the U.S. economy has started to wobble heading into the new year.

The Dallas Fed's factory index unexpectedly contracted in December, falling to a two-year low of minus 5.1 from 17.6 in November, and the steepest decline since 2013. The district bank covers the oil-producing region of Texas, northern Louisiana and southe...