financetom
Economy
financetom
/
Economy
/
Dallas Fed January Manufacturing Index Jumps Unexpectedly, Indicates Expansion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Dallas Fed January Manufacturing Index Jumps Unexpectedly, Indicates Expansion
Jan 27, 2025 8:06 AM

10:40 AM EST, 01/27/2025 (MT Newswires) -- The Dallas Fed's monthly manufacturing index jumped to a reading of 14.1 in January from an upwardly revised 4.5 reading in December, compared with expectations for a decrease to a reading of minus 3.0 in a survey compiled by Bloomberg as of 7:35 am ET.

The index indicates a faster pace of expansion, which is in line with the Philadelphia Fed and the S&P Global flash indexes but in contrast with the Empire State and the Kansas City readings that signaled contraction.

For Dallas, there were gains in the readings for production, shipments, new orders, prices paid and employment.

The reading for the company outlook rose to 18.7 from 12.3 in December.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US weekly jobless claims rise slightly
US weekly jobless claims rise slightly
Feb 20, 2025
WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labor market remained on solid ground. Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 219,000 for the week ended February 15, the Labor Department said on Thursday. Economists polled by Reuters had forecast 215,000 claims for...
US Dollar Falls Early Thursday Ahead of Busy Economic Data Schedule
US Dollar Falls Early Thursday Ahead of Busy Economic Data Schedule
Feb 20, 2025
07:54 AM EST, 02/20/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Thursday before a busy schedule of economic data releases. Weekly jobless claims data and the Philadelphia Federal Reserve's manufacturing reading for February are both due at 8:30 am ET, followed by leading indicators data for January at 10:00 am ET. Weekly natural gas...
Labor groups sue Trump administration over mass firings of probationary employees
Labor groups sue Trump administration over mass firings of probationary employees
Feb 20, 2025
(Reuters) - Several labor groups sued the Trump administration for allegedly firing tens of thousands of probationary employees illegally, as part of its drive to overhaul the federal government. In a complaint filed on Wednesday night in San Francisco federal court, the groups said the Office of Personnel Management, which manages the federal civilian workforce, lacked authority to direct federal...
U.S. mid-Atlantic factory momentum slows as price inputs surge
U.S. mid-Atlantic factory momentum slows as price inputs surge
Feb 20, 2025
(Reuters) - Factory output growth slowed in the U.S. mid-Atlantic region in February as input prices surged, with a measure of prices paid for production materials climbing to the highest in nearly two-and-a-half years even before most of the new tariffs on imports imposed by President Donald Trump are due to take effect. The Philadelphia Federal Reserve's monthly manufacturing index...
Copyright 2023-2025 - www.financetom.com All Rights Reserved