Ekonomické zprávy
29.04.2024

Dallas Fed Manufacturing Index slips to -14.5 in April

The Federal Reserve Bank of Dallas reported on Monday its general business activity index for manufacturing in Texas slipped to -14.5 in April from an unrevised -14.4 in the previous month. This marked the lowest reading in three months and pointed to a contraction in activity for the 24th consecutive month.

According to the survey’s details, the production index, a key gauge of state manufacturing conditions, surged 8.9 points to +4.8 this month, returning into expansion territory after a contraction in March. The new orders indicator jumped 6.5 points to -5.3 but remained in negative territory for the second straight month, indicative of worsening demand. The measure of the growth rate of orders climbed 23.6 points to +3.8, turning positive for the first time in 24 months. Meanwhile, the employment measure dropped 1.6 points to -0.1, suggesting flat employment. Elsewhere, the capacity utilization gauge soared 9.9 points to +4.2, returning into positive territory after a three-month decrease. The shipments index jumped 20.4 points to +5.0 returning into positive territory after a one-month contraction. The index of outlook uncertainty decreased 5.7 points to 17.3. On the price front, the raw materials prices index declined 9.9 points to +11.2, the lowest level in nine months, while the finished goods prices index dropped 5.5 points to + 5.5.

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