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The Dallas Fed December manufacturing index a key measure of Texas state manufacturing conditions, fell to 9.7 vs 12.0 prior. Output rose to 25.5 vs 7.2 prior and New orders rose to 17.7 vs 7.2 prior.

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Dallas Fed December Manufacturing Index

  • Manufacturing conditions, fell to 9.7 vs 12.0 prior.
  • Output rose to 25.5 vs 7.2 prior
  • New orders rose to 17.7 vs 7.2 prior.
  • Prices paid for raw materials 49.0 vs 35.0 prior
  • Prices paid for finished goods 17.4 vs 4.7 prior
  • Employment 19.6 vs 11.7 prior
  • Outlook 16.8 vs 11.0 prior

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Manufacturing saw 5th consecutive month of growth in factory activity although it was the second lowest rate since rising activity after the Covid-19 economic meltdown. Price and wage pressures accelerated in December and the future general business activity index moved down eight points to 17.6.

There were positives however, the production index, a key measure of state manufacturing conditions, rebounded from 7.2 to 25.5, indicating an acceleration in output growth. The new orders index pushed up 11 points to 17.8, and the growth rate of orders index rose from 9.7 to 16.5. The capacity utilization index moved up 11 points to 17.7, and the shipments index advanced from 13.7 to 21.9.

Source: Dallas Fed Surveys Texas Manufacturing Outlook Survey

From The TradersCommunity News Desk

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