Dallas Manufacturing Sentiment Improves, But Remains Negative
US Dallas manufacturing report showed a decent improvement for June
Skerdian Meta•Tuesday, June 30, 2020•1 min read
Manufacturing was already in difficulty in the US, after the year long trade war between US and China. The US manufacturing sector was the last to be affected by the war, but it did suffer in the end. Although, no one could predict what was to come, with the lock-downs and the deep dive in manufacturing in March, April and May. Dallas FED manufacturing survey showed a nice jump for this month,
The latest Dallas-area manufacturing survey
- Dallas Fed June manufacturing index -6.1 vs -22.0 expected
- May manufacturing index was -49.2
- Estimates ranged from -35.0 to +20
There has been a consistent theme of outperformance in regional manufacturing surveys. It’s at the point now where market participants have to be pricing in stronger readings in the ISM and Markit surveys — both due on July 1.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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