The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas declined to -17.7 in June of 2022 from -7.3 in May, remaining the lowest since May 2020. The production index, a key measure of state manufacturing conditions, fell from 18.8 to 2.3, reaching its lowest reading since May 2020. The new orders indexed dipped into negative territory for the first time in two years (-7.3 vs 3.2) and the growth rate of orders index pushed further negative (-16.2 vs -5.3) while the capacity utilization and shipments indexes remained positive but fell markedly (1.2 vs 3.3). Labor market measures continued to indicate robust employment growth and longer workweeks. On the price front, prices and wages continued to increase strongly. Finally, expectations regarding future manufacturing were notably less optimistic than in May. source: Federal Reserve Bank of Dallas
Dallas Fed Manufacturing Index in the United States averaged 2.98 points from 2004 until 2022, 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 July of 2022.
Dallas Fed Manufacturing Index in the United States is expected to be -17.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Dallas Fed Manufacturing Index is projected to trend around 10.00 points in 2023 and 5.00 points in 2024, according to our econometric models.