The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas decreased 2.4 points from the previous month to 34.9 in May of 2021. The new orders index came in at 20.8, down from 38.5 in April but more than triple the series average of 6.3. Similarly, the growth rate of orders index came in at 19.5, down from 32.3 but still elevated. The production index, a key measure of state manufacturing conditions, fell 18 points to 15.7, a reading still well above average and indicative of healthy output growth. The capacity utilization index remained high, though it slipped from 34.6 to 23.2, and the shipments index fell from 32.6 to 18.3. Labor market measures indicate robust but slower growth in employment and steady growth in work hours. The employment index came in at 22.7, down from 31.3 but still highly elevated. source: Federal Reserve Bank of Dallas
Dallas Fed Manufacturing Index in the United States averaged 2.64 points from 2004 until 2021, reaching an all time high of 48 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 June of 2021.
Dallas Fed Manufacturing Index in the United States is expected to be 28.00 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 17.00 in 12 months time. In the long-term, the United States Dallas Fed Manufacturing Index is projected to trend around 10.00 points in 2022 and 5.00 points in 2023, according to our econometric models.