New data Dallas Fed Manufacturing Index (Feb)
2/24/2025
actual -8.3, previous 14.1
The Dallas Fed Manufacturing Index is a monthly economic indicator that measures the manufacturing activity in the state of Texas, which is a significant hub for manufacturing in the United States.In this event, the Dallas Fed Manufacturing Index for February is reported at -8.3. This figure indicates a decrease from the previous month's value of 14.1. The negative value suggests a contraction in manufacturing activity in Texas for the month of February.
The market had anticipated a positive reading of 18, but the actual result of -8.3 fell significantly short of this estimate. The change percentage of -158.865 reflects the magnitude of the decline compared to the previous month.
Overall, this event is considered to have a medium impact on the market, particularly for the US dollar (USD) currency, as it provides insights into the health of the manufacturing sector in Texas, which can have broader implications for the national economy.
This is not investment advice. Remember to verify the information provided here.
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