The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas increased 10.2 points from the previous month to +17.2 in February 2021, the highest since a two-year high hit in October 2020. The production index, a key measure of state manufacturing conditions, surged 15.3 points to 19.9, indicating a sharp acceleration in output growth. Other measures of manufacturing activity also pointed to more rapid growth: new orders index (up 6.7 points to +13.0); the growth rate of orders index (up 5.7 points to +11.6); capacity utilization index (up 7.3 points to +16.5); and shipments (up 2.6 points to +16.1). Meanwhile, labor market measures indicated robust but slightly slower growth in employment and work hours. source: Federal Reserve Bank of Dallas
Dallas Fed Manufacturing Index in the United States averaged 2.15 points from 2004 until 2021, reaching an all time high of 47.80 points in June of 2004 and a record low of -74 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 March of 2021.
Dallas Fed Manufacturing Index in the United States is expected to be 2.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Dallas Fed Manufacturing Index in the United States to stand at 3.00 in 12 months time. In the long-term, the United States Dallas Fed Manufacturing Index is projected to trend around 3.00 points in 2022 and 5.00 points in 2023, according to our econometric models.