Fw Tidings Dallas Fed: Texas Manufacturing Activeness Expands Modestly

From the Dallas Fed: Texas Manufacturing Activity Expands Modestly

Growth inwards Texas manufactory activity resumed inwards December, according to draw of piece of work organisation executives responding to the Texas Manufacturing Outlook Survey. The production index, a fundamental stair out of soil manufacturing conditions, rebounded to 3.6 later dipping into negative territory concluding month.

Most other measures of manufacturing activity every bit good rebounded inwards December. The novel orders index rose from -3.0 to 1.6. The increment charge per unit of measurement of orders index moved upwards simply remained inwards negative territory for a tertiary consecutive month, coming inwards at -5.0. The capacity exercise index shot upwards xiii points to 7.8, in addition to the shipments index rose from -4.5 to 3.0.

Perceptions of broader draw of piece of work organisation weather condition were mixed inwards December. The full general draw of piece of work organisation activity index remained slightly negative at -3.2, spell the society outlook index inched upwards 3 points to 1.3. Both indexes accept oscillated betwixt positive (expansionary) in addition to negative (contractionary) territory this year. The index standard incertitude regarding companies’ outlooks receded 12 points to 5.6, its lowest reading since March.

Labor marketplace lay measures suggested ascension job levels in addition to slightly longer workweeks this month. The job index rose from 0.9 to 6.2, indicative of a pickup inwards hiring.
emphasis added

This was the concluding of the regional Fed surveys for December.

Here is a graph comparison the regional Fed surveys in addition to the ISM manufacturing index:

Click on graph for larger image.

The New York in addition to Philly Fed surveys are averaged together (yellow, through December), in addition to 5 Fed surveys are averaged (blue, through December) including New York, Philly, Richmond, Dallas in addition to Kansas City. The Institute for Supply Management (ISM) PMI (red) is through Nov (right axis).

Based on these regional surveys, it seems probable the ISM manufacturing index for Dec volition last weak again.