Dallas Fed Manufacturing Index in the United States decreased to 2 points in January from 7.80 points in December of 2021. Dallas Fed Manufacturing Index in the United States averaged 3.05 points from 2004 until 2022, reaching an all time high of 48 points in June of 2004 and a record low of -72.20 points in April of 2020. The Dallas Fed Manufacturing Index measures the performance of manufacturing sector in the state of Texas. The index is derived from a survey of around 100 business executives and tracks variables such as output, employment, orders and prices. A reading above 0 indicates an expansion of the factory activity compared to the previous month; below 0 represents a contraction; while 0 indicates no change. Texas produces around 9.5 percent of manufacturing output in US. The state ranks second behind California in factory production and first as an exporter of manufactured goods.
source: tradingeconomics.com
