February Dallas Fed manufacturing index Rebounds Strongly With Oil
Comes in +13.1 vs +4.9 expected, Prior +1.0
Highest reading in three months, mainly due to a higher growth rate in orders (3.4 from 1.2) and a rise in employment (12.6 from 3.6), wages and benefits (28.9 from 27.4) and capital expenditures (18.7 from 16).
However slower increases were seen for production (10.1 from 14.5), new orders (6.9 from 11.6) and shipments (10.7 from 11.4).
Prices received for finished goods slowed (5.2 from 6.4) and prices paid for raw materials rose faster (21.8 from 21.2). Dallas
Fed Manufacturing Index in the United States averaged 3.28 Index Points from 2004 until 2019, reaching an all time high of 47.10 Index Points in June of 2004 and a record low of -60.10 Index Points in February of 2009.