The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas increased 5.6 points from the previous month to +13.6 in September 2020, the highest since November 2018, as activity continues to recover from the coronavirus shock. The production index, a key measure of state manufacturing conditions, increased 9.2 points to +22.3, its highest reading in two years. Other measures of manufacturing activity pointed to above-average growth: new orders (up 4.9 points to +14.7); growth rate of orders (up 1.4 points to +13.2); capacity utilization (up 6.6 points to 17.5). The shipments index dropped 1.8 points to +21.5. Labor market measures indicated stronger employment growth and a continued increase in workweek length. source: Federal Reserve Bank of Dallas
Dallas Fed Manufacturing Index in the United States averaged 1.87 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 October of 2020.
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 3.00 points in 2021 and 5.00 points in 2022, according to our econometric models.