Fed Dallas manufacturing Index for August:
- Actual -17.2; expected -18, previously -20
Commentary about the report:
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Create account Try a demo Download mobile app Download mobile app- Chemical manufacturing continues to be sluggish
- Computer and electronic product manufacturing faces challenges such as high interest rates, supply-chain disruptions, and labor shortages, leading to reduced growth. The sector is urging the Federal Reserve to reconsider its interest rate strategy. Despite challenges, some areas, such as automotive, have shown strength.
- However, there are concerns about declining revenues in China and issues with materials like aluminum. Several businesses report decreased or canceled orders due to weakening demand, with one business experiencing a 51% YoY volume drop.
- Fabricated metal production is robust until February 2024, but there are supply constraints and delayed projects. Food manufacturing experiences mixed results with some contraction in government contracts.
- Machinery manufacturing reports a slowdown, and paper manufacturing saw slight order increases for August and September.
- Primary metal manufacturing is facing a recession, with foreign imports rising.
- Printing activities highlight industry softness, and textile mills remain stable, anticipating a Q4 consumer spending increase.
- Overall, industries face varied challenges and growth rates, with concerns about interest rates and supply chain disruptions.
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