Dallas Fed manufacturing activity for April 2020

  • Prior month saw the index plunge from 1.2 to -70.0.
  • Employment, -21.2 versus -23.0 last month
  • new orders -67.0 versus -41.3 last month
  • shipments -56.6 versus -33.8 last month
  • price is paid -19.6 versus -5.9 last month
  • prices received -24.6 versus -9.2 last month
  • production -55.3 versus -35.3 last month
  • growth rate of new orders -62.2 versus -44.9 last month
  • unfilled orders -25.7 versus -22.4 last month
  • delivery time -14.3 versus -3.0 last month
  • inventories -8.8 versus -6.5 last month
  • wages and benefits -2.7 versus +5.5 last month
  • hours worked -40.2 versus -22.4 last month
  • capital expenditures -54.3 versus -34.3 last month
  • company outlook -62.6 versus -65.6 last month

All components with the exception of employment and company outlook declined. The index is at the lowest level on record.

Dow's Fed manufacturing index