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 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

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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