Dallas Fed Manufacturing Index Drops To -35.8, Missing Analyst Estimates

On April 28, 2025, the Federal Reserve Bank of Dallas released Dallas Fed Manufacturing Index report for April. The report indicated that Dallas Fed Manufacturing Index decreased from -16.3 in March to -35.8 in April, compared to analyst forecast of -15. The Index reached its lowest level since May 2020.

Production Index declined from 6.0 in March to 5.1 in April but remained in the positive territory. Capacity Utilization Index fell from -2.3 to -3.8, while New Orders Index declined from -0.1 to -20.0.

Prices Paid for Raw Materials increased from 37.7 in March to 48.4 in April as price pressures increased.

U.S. Dollar Index tested session lows as traders reacted to the weaker-than-expected Dallas Fed Manufacturing Index report. Currently, U.S. Dollar Index is trying to settle below the 99.10 level.

Gold tested session highs after the release of the report. Gold traders focus on weaker dollar and falling Treasury yields. Trade war uncertainty provides additional support to gold markets.

SP500 was swinging between gains and losses as traders reacted to the Dallas Fed Manufacturing Index data. Currently, SP50 is trying to settle above the 5540 level. From a big picture point of view, traders stay bullish, and SP500 continues to recover from the strong sell-off in early April.

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