Technical Analysis

Dallas Fed December manufacturing index -18.8 vs -14.4 prior

  • Prior was -14.4
  • Production +9.7 vs +0.8 prior
  • New orders -9.2 vs -20.9 prior
  • Prices paid +23.7 vs +22.6 prior
  • Employment +14.0 vs +5.9 prior
  • Company outlook -12.8 vs -15.2

The details are certainly stronger than the headline, though new orders remained negative for the seventh month in a row.


  • We’re now dialing in the very increased forecast of a significant downturn. Recession is now being planned for and acted upon. (paper manufacturing)
  • We can feel things slowing down. Estimating activity is really down from previous months, and incoming orders have dropped off as well (printing)
  • Demand is decreasing.(fabricated metals)
  • We are seeing more and bigger orders recently. Oil companies are
    spending money on projects that they have held back on this past year.
    We expect 2023 to be a very good year. Our backlog of orders is growing
    to a record. (machinery)
  • I think we are experiencing a year-end lull in business activity. We actually have no idea what to expect for 2023. (manufacturing)
  • We have seen a small decrease in new orders, but wages and other costs
    continue to increase. We are investing in more automation to reduce the
    labor cost. (computers and electronics)

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button