2012 Economic Calendar
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Dallas Fed Mfg Survey
Released On 12/31/2012 10:30:00 AM For Dec, 2012
PriorConsensusConsensus RangeActual
Bus Activity Index-2.8 1.0 -1.0  to 5.0 6.8 
Production Index1.7 2.7 

Highlights
Texas factory activity edged up in December. The production index, a key measure of state manufacturing conditions, rose from 1.7 to 2.7, which is consistent with slow growth-somewhat over the breakeven point of zero. However, the new orders index remained near zero, slipping from plus 0.4 in November to minus 0.9 in December.

Perceptions of broader business conditions improved markedly in December. The general business activity index emerged from negative territory, rising sharply to 6.8 as a result of a drop in the share of contacts reporting that conditions worsened. The company outlook index also turned positive, jumping 14 points to 9.2, its best reading since March.

Labor market indicators were flat in December. The employment index came in at minus 1, its lowest reading in over two years, with about 17 percent of employers reporting hiring and the same share noting layoffs. The hours worked index turned positive after two months in negative territory; however, at a reading of 1, it suggested hours worked barely changed.

Prices and wages were mixed in December.

Expectations regarding future business conditions improved sharply in December. The index of future general business activity surged to plus 7.9, up from minus 5.3, with the share of contacts reporting worsened future expectations falling from 25 to 14 percent. The index tracking the future company outlook rose from 1.8 to 14.7.

Recent History Of This Indicator
The Dallas Fed general business activity index in its Texas manufacturing survey was little changed in November but the outlook slipped. The production index, a key measure of state manufacturing conditions, came in at 1.7, indicating output barely increased from October. Other survey measures suggested flat manufacturing activity in November. The new orders index came in at 0.4, suggesting that demand was unchanged from October. Perceptions of broader business conditions worsened in November. The general business activity index fell to minus 2.8 from plus 1.8 in October, returning to negative territory. Indexes reflecting future business conditions fell sharply in November. The index of future general business activity plunged from 16.8 to minus 5.3, its lowest reading in four months.

Definition
The Dallas Fed conducts this monthly survey of manufacturers in Texas regarding their operations in the state. Participants from across the state represent a variety of industries. In the latter half of the month, the questions for the manufacturing survey are electronically transmitted to respondents and answers are collected over a few days. About 100 manufacturers regularly participate in the Dallas Fed survey, which began collecting data in mid-2004. Participants are asked whether various indicators have increased, decreased or remained unchanged. Answers cover changes over the previous month and expectations for activity six months into the future. The breakeven point for each index is zero with positive numbers indicating growth and negative numbers reflecting decline.  Why Investors Care
 

 

2012 Release Schedule
Released On: 1/302/273/264/305/296/257/308/279/2410/2911/26
Release For: JanFebMarAprMayJunJulAugSepOctNov
 


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