The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas dropped to -3.2 in December 2019 from -1.3 in the previous month, well below market consensus of +1.5; while the company outlook index inched up three points to +1.3. The index measuring uncertainty regarding companies’ outlooks receded 12 points to +5.6, its lowest reading since March. Still, the production index, a key measure of state manufacturing conditions, rebounded to +3.6 after dipping into negative territory last month. Most other measures of manufacturing activity also rose in December: new orders (+1.6 vs -3.0); growth rate of orders index (-5.0 vs -9.3); capacity utilization (+7.8 vs -5.3); and shipments (+3.0 from -4.5). Labor market measures suggested rising employment levels and slightly longer workweeks this month.
Dallas Fed Manufacturing Index in the United States averaged 2.94 points from 2004 until 2019, reaching an all time high of 47.60 points in June of 2004 and a record low of -59.90 points in February of 2009. 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. source: Federal Reserve Bank of Dallas
Dallas Fed Manufacturing Index in the United States is expected to be -3.00 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 5.00 in 12 months time. In the long-term, the United States Dallas Fed Manufacturing Index is projected to trend around 5.00 points in 2020, according to our econometric models.