Prior month -2.3Dallas Fed Manufacturing Business index for May 0.40 vs -2.30 last month.
Details of the report:
Production index fell 10 points to 9.4, still signaling modest manufacturing expansion.
Capacity utilization index dropped 15 points to 5.2.
New orders index declined 4 points to 6.4.
Shipments index fell 8 points to 7.4.
General business activity index edged up to 0.4 from negative territory, signaling little change in overall activity.
Company outlook index slipped to 0.3 from 3.0, indicating stable business sentiment.
Outlook uncertainty index held relatively steady at 19.2, remaining above the long-run average of 16.9.
Employment index was unchanged at 0.2, pointing to flat payroll growth.
Hours worked index declined to 1.8 from 4.0.
Raw materials prices index rose 6 points to 42.7, the highest level in eight months.
Finished goods prices index fell 9 points to 18.9, signaling easing selling price pressures.
Wages and benefits index was little changed at 23.6.
Future production index remained strong at 36.8, signaling expectations for stronger activity six months ahead.
Future general business activity index held steady at 14.3.
Other future manufacturing activity indexes also remained in positive territory
Looking at the gainers and decliners:
Indexes that increased: 5
General business activity
Raw materials prices
Outlook uncertainty
Future production
Future manufacturing activity indexes remained positive/stable
Indexes that declined: 8
Production
Capacity utilization
New orders
Shipments
Company outlook
Hours worked
Finished goods prices
Employment (flat/slightly weaker tone)
Indexes essentially unchanged/stable: 4
Employment index
Wages and benefits
Future general business activity
Broader business conditions overall
The Nasdaq 100 traded to 30K for the first time ever. The Nasdaq composite index is up 1.37%. The S&P is up 0.80%. The Dow is now in negative territory at 50574 after trading as high as 50791.08.
For the full report, CLICK HERE
This article was written by Greg Michalowski at investinglive.com.