2017 Economic Calendar
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Dallas Fed Mfg Survey  
Released On 6/26/2017 10:30:00 AM For Jun, 2017
PriorConsensusConsensus RangeActual
Production Index23.3 12.3 
General Activity Index17.2 18.0 15.0  to 18.2 15.0 

In an understandable slowing from unusual acceleration, the Dallas Fed's general activity index slipped to 15.0 in June vs 17.2 in May. New orders have slowed to 9.6 from May's 18.1 with unfilled orders moving to 1.3 from 8.1. The report underscores production as an important reading and here the story is the same, slowing to 12.3 from 23.3 in May.

Price data are steady with inputs continuing to show pressure, at 15.6, but selling prices lagging significantly, at 3.6. Employment data show continued pressure for wages & benefits, at 21.1 vs 24.3, with hiring positive at a 1.3 point gain to 9.6.

Though the general activity index is at its lowest level since November last year, cooling in this report is welcome given the unsustainable rates of growth in prior months. But with the price of oil on a severe downswing right now and testing the $40 area, future acceleration for this report may be limited.

Consensus Outlook
Following nearly 2 years of fallout from the 2014 oil collapse, the Dallas Fed manufacturing report began to accelerate late last year and has extended the gains so far through this year. Forecasters see the general activity index for June holding steady at a very strong 18.0 vs May's 17.2.

The Dallas Fed Manufacturing Survey tracks factory activity in Texas on a monthly basis. Firms are asked whether output, employment, orders, prices and other indicators increased, decreased or remained unchanged over the previous month. Responses are aggregated into balance indexes where positive values generally indicate growth while negative values generally indicate contraction. About 100 manufacturers regularly participate in the survey.  Why Investors Care

2017 Release Schedule
Released On: 1/302/273/274/245/306/267/318/289/2510/3011/2712/26
Release For: JanFebMarAprMayJunJulAugSepOctNovDec

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