The Dallas Fed manufacturing survey manufacturing index, a key measure of state manufacturing conditions, edged down to negative 23.4 in April from -15.7 prior to the lowest reading since July. There are bright spots however despite the company outlook worsening to -15.6 vs -13.3 prior. The new orders index did improve to -9.6 vs -14.3 prior, still it was the 11th month in a row negative. The production index, a key measure of state manufacturing conditions stayed position though down … Continue reading “Dallas Fed Reports Texas Manufacturing Activity Contraction Deepens in April”
Texas Manufacturing Activity Expanded Modestly as Business Conditions Perceptions Worsen in March
The Dallas Fed manufacturing survey manufacturing index, a key measure of state manufacturing conditions, edged down to negative 15.7 in March, weaker than the -13.5 in February, despite a modest increase in output. The new orders index slid to -14.3 vs -13.2 prior, the 10th month in a row negative. The production index, a key measure of state manufacturing conditions, rose to +2.5 from -2.8 in February. Capacity utilization rose +2.3 vs. -4.1 prior. Perceptions of broader business conditions continued … Continue reading “Texas Manufacturing Activity Expanded Modestly as Business Conditions Perceptions Worsen in March”
Texas Manufacturing Activity Contracts Further, Dallas Fed New Orders Index 9th Straight Negative Month
The Dallas Fed manufacturing survey manufacturing index, a key measure of state manufacturing conditions, edged down to negative 13.5 in February, indicating output slid even more from January. The new orders index slid to -13.2 vs -4.0 prior, the 9th month in a row negative. The production index, a key measure of state manufacturing conditions, went negative to -2.8 versus 0.2 in January. Prices and wages continued to increase, wages and benefits +32.7 versus 30.5 last month and prices received … Continue reading “Texas Manufacturing Activity Contracts Further, Dallas Fed New Orders Index 9th Straight Negative Month”
Texas Manufacturing Activity Continues to Contract as New Orders Plummeted
The Dallas Fed manufacturing survey manufacturing activity index, a key measure of state manufacturing conditions came in at negative -14.4 in November vs -19.4 prior. The shift indicating output continues to slide but at a lesser pace than from October. The new orders index plummeted to -20.9., the lowest since May 2020 and the sixth month in a row it was negative territory. The capacity utilization index turned negative, falling from 9.1 to -3.4. Texas saw slower employment growth with … Continue reading “Texas Manufacturing Activity Continues to Contract as New Orders Plummeted”
Dallas Fed Texas Manufacturing Activity Continues to Contract -22.6 vs -17.7 Prior
The Dallas Fed manufacturing survey manufacturing index, a key measure of state manufacturing conditions, edged down to negative 22.6 in July, indicating output slid even more from June. The improvement in the company outlook index posted a fifth consecutive negative reading but moved up to -10.8 vs -20.2 prior. The production index, a key measure of state manufacturing conditions, was largely unchanged at 3.8 still indicative of growth. Prices and wages continued to increase but at a more moderate pace. … Continue reading “Dallas Fed Texas Manufacturing Activity Continues to Contract -22.6 vs -17.7 Prior”
Dallas Fed October Trimmed Mean PCE Falls For The Month But Still Higher on Year
The Dallas Fed Trimmed Mean PCE for October showed the annualized rate of inflation at 4.2%, a slowdown from the extreme 4.9% in September but still elevated. The Federal Reserve favors the trimmed mean as it excludes the most extreme price changes in consumer goods and services each month. Looking out longer term , the six-month view annualized rate rose to 3.3% from 3.0%. The 12 month estimate rose to 2.6% from 2.3%. The numbers are lower than the traditional … Continue reading “Dallas Fed October Trimmed Mean PCE Falls For The Month But Still Higher on Year”