The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas decreased by 3.8 points from the previous month to 31.1 in June 2021, moving further away from April's near three-year high of 37.3 but notably higher than its series average of 2.8 and indicative of greater activity. The production index, a key measure of state manufacturing conditions, rose 13.7 points to 29.4, reflecting strong output expansion. Other measures of manufacturing activity also pointed to accelerated growth this month: new orders (26.7 vs 20.8 in May); the growth rate of orders (23.4 vs 19.5); capacity utilization (30.6 vs 23.2); and shipments (31.8 vs 18.3). Meanwhile, labor market measures indicate robust growth in employment and work hours, while price and wage pressures accelerated further. source: Federal Reserve Bank of Dallas
Dallas Fed Manufacturing Index in the United States averaged 2.78 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 July of 2021.
Dallas Fed Manufacturing Index in the United States is expected to be 31.00 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.