2017 Economic Calendar
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Dallas Fed Mfg Survey  
Released On 12/26/2017 10:30:00 AM For Dec, 2017
PriorConsensusConsensus RangeActual
Production Index15.1 32.8 
General Activity Index19.4 20.0 18.0  to 22.0 29.7 

Highlights
Regional factory reports, in some contrast to government data at the national level, continue to run at unusually strong rates of growth including the Dallas Fed's general activity index which is up more than 10 points in December's data to a much stronger-than-expected 29.7.

New orders keep pouring in, also up more than 10 points to 30.1, and unfilled orders continue to build, at 9.2 which is strong for this reading, as manufacturers in the region struggle to keep up with demand. Hints of constraints include long delivery delays, elevated prices for inputs and traction for finished prices, a sharp rise in hours worked and also wages & benefits, and a jump in employment which is up nearly 15 points to 20.4. Manufacturers in the region are increasing capital spending as capacity utilization continues to climb.

Yet the strength of the Dallas Fed, along with similar reports, has not panned out to quite the same strength for factory orders, which have been solid but still mixed, nor the manufacturing component of the industrial production report which also has been mixed. Still, the factory sector is on the rise and looks to be an important contributor to fourth-quarter growth.

Consensus Outlook
Readings on costs and production cooled to more sustainable levels in the November manufacturing report from the Dallas Fed though new orders remained very strong in what points to continued strains on capacity. Econoday's consensus for the general activity index in December is 20.0 vs November's 19.4.

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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