The Federal Reserve Bank of Dallas’ general business activity index for manufacturing in Texas rose 11.6 points to -8.4 in January of 2023, from an upwardly revised 20 in December. The latest reading pointed to the ninth consecutive month of contraction in activity, though the weakest in the current sequence. The production index, a key measure of state manufacturing conditions, fell from 9.1 to 0.2, with the near-zero reading suggestive of flat output. Also, the new orders index was negative for the eighth month in a row, suggesting a continued decrease in demand, though it moved up from -11.0 to -4.0. Meanwhile, labor market measures pointed to stronger employment growth and longer workweeks. Price pressures were generally steady and wage growth eased slightly in January. The future production index pushed further positive to 16.1, signaling that respondents expect output growth over the next six months. The future general business activity index remained negative, coming in at -9.1. source: Federal Reserve Bank of Dallas
Dallas Fed Manufacturing Index in the United States averaged 2.38 points from 2004 until 2023, reaching an all time high of 48.00 points in June of 2004 and a record low of -72.20 points in April of 2020. This page provides the latest reported value for – United States Dallas Fed Manufacturing Index – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Dallas Fed Manufacturing Index – data, historical chart, forecasts and calendar of releases – was last updated on January of 2023.
Dallas Fed Manufacturing Index in the United States is expected to be -10.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
