The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas increased to -3.0 in July 2020 from the previous month's -6.1, amid the easing of coronavirus lockdown restrictions. The production index, a key measure of state manufacturing conditions, rose to +16.1 from +13.6, suggesting a slight pickup in the pace of output growth. Other measures of manufacturing activity also pointed to slightly accelerating growth this month: new orders (up 4 points to +6.9); both capacity utilisation (up 6.4 points to +14); and shipments (up 14.2 points to +17.3) hit their highest readings in nearly a year; and the growth rate of orders index turned positive after spending four months in negative territory (up 7.1 points to +1.3). Labor market measures indicated modest growth in employment and workweek length. The employment index went up from -1.5 to +3.1, marking its first positive reading since January and the hours worked index rose to +5.8 from -4.3.
Dallas Fed Manufacturing Index in the United States averaged 1.78 points from 2004 until 2020, 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 August of 2020. source: Federal Reserve Bank of Dallas
Dallas Fed Manufacturing Index in the United States is expected to be 5.00 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 8.00 in 12 months time. In the long-term, the United States Dallas Fed Manufacturing Index is projected to trend around 5.00 points in 2021, according to our econometric models.