Last month 15.0
The Dallas Fed manufacturing activity index for July comes in at 16.8 vs 13.0 estimate. This is also up from 15.0 last month.
- 10th consecutive positive reading
- The company outlook index jumped 15 points to 25.9, reaching its highest level since 2010
- The employment index has been positive all year and edged up to 11.2, its highest reading since the end of 2015.
- Twenty-one percent of firms noted net hiring, compared with 9 percent noting net layoffs.
- The hours worked index ticked up to 9.8.
- The raw materials prices index held steady at 15.5, while the finished goods prices index moved up slightly to 5.6.
- The wages and benefits index remained somewhat elevated at 20.6.
- The production index, a key measure of state manufacturing conditions, rose 11 points to 22.8, indicating output grew at a faster pace than in June.
- The new orders and the growth rate of orders indexes rose several points each, coming in at 16.1 and 12.2, respectively.
- The capacity utilization index moved up to 18.1 and the
- Shipments index increased three points to 11.6.
Texas has led the recovery in the US. There is no doubt about that. This report seems to suggests things are alright in the Lone Star State.
