Prior month -27.4
Dallas Fed manufacturing index -11.3 in February

Particulars from the Dallas Fed. Texas manufacturing unit exercise confirmed indicators of stabilization in February, recovering from contraction in January in line with the Texas Manufacturing Outlook Survey.:

Manufacturing index, which measures state manufacturing situations, rose 16 factors to 1.0, indicating flat output month over month.
New orders index, a measure of demand, elevated 18 factors to five.2, marking its first constructive studying since Might 2022.
Capability utilization and shipments indexes each noticed double-digit will increase, shifting from contractionary to impartial territory.

Regardless of the stabilization in manufacturing exercise, perceptions of broader enterprise situations continued to deteriorate in February, albeit at a slower tempo. The overall enterprise exercise index improved to -11.3 from -27.4, and the corporate outlook index rose to -8.5 from -18.2.

The outlook uncertainty index decreased by 10 factors to 11.0, suggesting much less uncertainty.
Labor market measures indicated employment progress however shorter workweeks. The employment index rose 16 factors to five.9, with 18% of corporations reporting web hiring.
Wage and enter prices rose, whereas promoting costs remained unchanged. The wages and advantages index was steady at 20.1, and the uncooked supplies costs index decreased to fifteen.4, indicating modest price progress.
Expectations for future manufacturing exercise improved, with the longer term manufacturing index regular at 22.4 and the longer term common enterprise exercise index rising 17 factors to six.2, returning to constructive territory after six months of detrimental readings.