États-Unis Dallas Indice Manufacturier De La Fed

The Dallas Fed’s general business activity index for Texas manufacturing plunged 19.5 points to -35.8 in April 2025, reaching its lowest level since May 2020 and signaling a further worsening of sector conditions. The production index ticked down 0.9 points to 5.1, while the new orders index plummeted 19.9 points to –20.0. The shipments index fell 11.6 points into negative territory at –5.5, and the capacity utilization index slipped 1.5 points to –3.8. Meanwhile, sentiment among firms weakened further, the company outlook index retreated 17.6 points to a post-pandemic low of –28.3, and the outlook uncertainty index jumped 10.9 points to 47.1. Labor market indicators suggested a slight decrease in headcounts and shorter workweeks, with employment holding fairly steady at –3.9 and the hours-worked index slipping to –6.4. Input cost pressures accelerated, wage growth remained largely unchanged, and selling-price pressures intensified.