Ekonomické zprávy

Dallas Fed Manufacturing Index drops to -8.4 in January

The Federal Reserve Bank of Dallas announced on Monday its general business activity index for manufacturing in Texas declined to -8.4 in January from a downwardly revised -20.0 (from 18.8) in the previous month. That represented the ninth consecutive negative reading, which, however, was the second-smallest in the sequence.

According to the survey’s details, the production index, a key gauge of state manufacturing conditions, plunged 8.9 points to 0.2 this month, suggesting a flat output. Meanwhile, the new orders indicator surged 7.0 points to -4.0, remaining in negative territory for the eighth straight month and pointing to a continued decrease in demand. The measure of the growth rate of orders fell 3.0 points to -12.3, also remaining negative. Elsewhere, the capacity utilization gauge decreased 1.9 points to 6.0, staying in expansion territory for the second straight month. The shipments index tumbled 6.7 points to -6.3, returning into contraction territory after one-month growth. The employment measure came in at 17.6 in January, up 4.0 points from December, holding in growth territory for the 31st consecutive month. On the price front, the raw materials prices index slipped 1.4 points to 20.5, its lowest level since July 2020, while the finished goods prices index dropped 1.0 points to 9.9, its lowest level since November 2020.

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