The Federal Reserve Bank of Dallas’ general business activity index for manufacturing in Texas rose 6.1 points to 1.0 in January 2019 from -5.1 in the previous month.
The production index increased 7.2 points to 14.5; the capacity utilization index went up 7.2 points to 14.8; and the shipments index rose 5.3 points to 11.4.
Company outlook index advanced 10.5 points to 7.1. Meanwhile, the new orders index declined 2.8 points to 11.6, and the growth rate of new orders index dropped 4.6 point to 1.2.
Labor market measures suggested slower growth in employment and workweek length in January: the employment index retreated 4.4 points to 6.6, a two-year low and the hours worked index edged down 1.4 points to 3.6.
Dallas Fed Manufacturing Index in the United States averaged 3.22 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.