2017 Economic Calendar
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Dallas Fed Mfg Survey  
Released On 10/30/2017 10:30:00 AM For Oct, 2017
PriorConsensusConsensus RangeActual
Production Index19.5 25.6 
General Activity Index21.3 21.3 16.7  to 22.0 27.6 

Highlights
The Dallas manufacturing report never did show any ill effects from Hurricane Harvey and now readings are accelerating during October. The general activity index jumped 6.3 points from an already very strong September to 27.6 in October. Production is up 6 points to 25.6 and manufacturers in the sample are producing at full throttle with capacity utilization, at 22.5, hitting a decade high.

New orders are up 6 points to 24.8 with the company outlook steady at a very strong 25.8. Employment is steady and solid at 16.7 with, in an unusual positive, less than 5 percent of the sample reporting monthly layoffs.

High employment is a recipe for wage gains which are at a strong 22.5. Input price pressures continue to go up with pass through to selling prices limited but tangible.

This report falls in line with other regional surveys that are pointing, with heightened emphasis, to a strong upturn underway in the factory sector. Watch for factory payrolls in October's employment report followed by factory orders for September, both on Friday.

Consensus Outlook
Hurricane Harvey had no effect on the Dallas Fed general activity index in September which surged instead of sank. Readings are robust with employment at a multi-year high. Econoday's consensus for October's general activity index is for a second straight 21.3.

Definition
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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