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United States Dallas Fed Manufacturing Production Index

This is a syndicated repost published with the permission of Trading Economics. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Dallas Fed Manufacturing Production Index in the United States decreased to 18.30 points in October from 24.20 points in September of 2021. Dallas Fed Manufacturing Production Index in the United States averaged 10.72 points from 2004 until 2021, reaching an all time high of 48 points in March of 2021 and a record low of -54.90 points in April of 2020. The Federal Reserve Bank of Dallas conducts the Texas Manufacturing Outlook Survey monthly to obtain a timely assessment of the state’s factory activity. Firms are asked whether output, employment, orders, prices and other indicators increased, decreased or remained unchanged over the previous month. Survey responses are used to calculate an index for each indicator. Each index is calculated by subtracting the percentage of respondents reporting a decrease from the percentage reporting an increase. When the share of firms reporting an increase exceeds the share of firms reporting a decrease, the index will be greater than zero, suggesting the indicator has increased over the prior month. If the share of firms reporting a decrease exceeds the share reporting an increase, the index will be below zero, suggesting the indicator has decreased over the prior month. An index will be zero when the number of firms reporting an increase is equal to the number of firms reporting a decrease.

source: tradingeconomics.com

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