2018 Economic Calendar
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Dallas Fed Mfg Survey  
Released On 3/26/2018 10:30:00 AM For Mar, 2018
PriorConsensusConsensus RangeActual
Production Index27.9 12.7 
General Activity Index37.2 30.9 26.0  to 38.5 21.4 

Three months of building surge eased this month for the Dallas Fed manufacturing report. The general activity index slowed 15 points to 21.4 which is under the low estimate but still an extremely favorable reading, and an arguably more favorable reading given that prior strength was pointing to unwanted capacity stress.

Production fell more than 15 points to 12.7 with new orders down 17 points to 8.3 and employment down 8 points to 10.8. Capacity utilization fell 10 points to 9.6 with hours worked and also wages and selling prices both cooling. Input costs, however, ticked higher to a 7-year high which is a reminder that demand in this sample is unquestionably robust.

Outlook measures for Dallas manufacturers also eased but remain very strong, which is the takeaway from today's report. Watch tomorrow for a March update from the Richmond Fed where Econoday's consensus is also calling for slowing growth.

Consensus Outlook
Forecasters are looking for a little cooling in the Dallas Fed's general activity index, to 30.9 in March vs February's outsized 37.2. The result in February lifted Dallas over Philly as the very strongest of the regional manufacturing samples and hints of overheating were evident, including increases in unfilled orders, capacity utilization, and wages.

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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