The general business conditions index dipped to 10.5 in April from  11.5 in March, according to the Federal Reserve.

The production index decreased to 8.1 in April from 24.1 in March, while capacity use dropped to 9.7 from 18.7, the Fed reported.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.