Most Texas Refineries Have Restarted Since Big Freeze

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  • #25584
    TradersCom
    Keymaster

    The big freeze from the arctic blast knocked…

    [article]2370[/article]

    #25695
    ThePitBoss
    Participant

    [b]Dallas Fed March manufacturing activity
    +28.9 vs +14.5 expected Prior +17.2
    Output 48.0 vs 19.9 prior[/b]

    #Caution: This is jacked on a return from the Arctic blast in Texas

    The Federal Reserve Bank of Dallas’ general business activity index for manufacturing in Texas increased 11.7 points from the previous month to +28.9 in March of 2021, the highest since October of 2018.

    The production index, a key measure of state manufacturing conditions, surged 28.1 points to 48, the highest on record.

    Other measures of manufacturing activity also pointed to faster growth: new orders index (up 17.5 points to +30.5); the growth rate of orders index (up 11.1 points to +22.7); shipments (up 17 points to 33.1) and capacity utilization (up 29.6 points to +46.1).

    Meanwhile, labor market measures indicated robust growth in employment (up 6.1 points to 18.8) and work hours (up 12.1 points to 23.4). Also, price pressures intensified for both prices paid (up 8.6 to 66) and prices received (up 9.2 to 32.2). The company outlook index shot up 15 points to 25.8, its highest reading since mid-2018. The outlook uncertainty index edged down to 5.5.

    source: Federal Reserve Bank of Dallas

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