Dallas Fed Manufacturing Index is a monthly outlook survey conducted by the Federal Reserve Bank of Dallas, to assess the manufacturing and business activity of the state. If the firms are optimistic on the future of the economy in the specific sate of Dallas there will be higher readings for the index, which takes into consideration various indicators. Some of the indicators include the output, employment, orders, prices of goods or services and whether there have been changes up, down or remained constant compared to the previous calendar month. Higher than expected readings for the index are positive for the US economy and the US Dollar as well showing manufacturing and business expansion, which can lead to higher economic growth.
The United States Dallas Fed Manufacturing Index
The most recent reading for the United States Dallas Fed Manufacturing Index was 15.0 in June, was lower than the expectation of 16.0, but also lower than the previous reading of 17.2. The Dallas Fed Manufacturing Index for the 1st semester of 2017 peaked at 24.5 in February, and had its lowest reading of 15.0 in June. The all-time high price for the index was 46.60 in June of 2004, while the all-time low price was -59.50 in February of 2009.
