Oil Price Collapse Hits Texas Economy, Manufacturing Slides

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  • #19414
    TradersCom
    Keymaster

    [article]1272[/article]

    #19725
    TradersCom
    Keymaster

    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.

    #19726
    TradersCom
    Keymaster

    Dallas Fed Services index for Jan. -4.8 vs -5.0 last month

    business index -4.8 versus -5.0 last month
    revenue index 14.9 versus 10.1 last month
    employment 7.0 versus 9.9 last month
    part-time employment -0.1 versus 1.6 last month
    hours work 6.6 versus 1.9 last month
    wages and benefits 18.7 versus 19.8 last month
    input prices 20.1 versus 26.1 last month
    selling price is 7.9 versus 10.5 last month
    capital expenditures 9.8 versus 10.9 last month

    The 6 month ahead index for revenue rose to 37.3 versus 32.3 last month, with prior readings for employment, part-time employment, hours worked, capital expenditures vs last month.

    The wages and benefits, input prices, selling prices showed declines.

    #19953
    TradersCom
    Keymaster

    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.

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