2018 Economic Calendar
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Dallas Fed Mfg Survey  
Released On 1/29/2018 10:30:00 AM For Jan, 2018
PriorConsensusConsensus RangeActual
Production Index32.8 16.8 
General Activity Index29.7 25.4 22.0  to 29.0 33.4 

Business remains very brisk for the Dallas Fed's manufacturing sample as the index jumped to 33.4 in January vs what was an already very strong 29.7 in December. The production index, however, did slow but remains solid at 16.8. New orders also slowed but also remain strong at 25.5. Unfilled orders continue to build and delivery times are slowing, both indicative of accelerating conditions. Inflation indications are elevated including traction for selling prices which is a welcome and convincing sign of strength.

This report falls in line with the host of other regional manufacturing reports all of which are showing strength which, however, does contrast with the manufacturing component of the industrial production report which has been flat. Still, last week's durable goods data were strong and do, along with the regional reports, point to a factory sector that is accelerating strongly.

Consensus Outlook
January's consensus for the Dallas Fed general activity index is 25.4 which would compare with December's very robust 29.7. Unsustainable strength is the risk with this sample as new orders keep pouring in, unfilled orders continue to build, and manufacturers in the region, facing long delivery delays and rising work hours as well as elevated prices, may be having trouble keeping up with demand.

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

2018 Release Schedule
Released On: 1/292/263/264/305/296/257/308/279/2410/2911/26
Release For: JanFebMarAprMayJunJulAugSepOctNov

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