2018 Economic Calendar
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Dallas Fed Mfg Survey  
Released On 7/30/2018 10:30:00 AM For Jul, 2018
PriorConsensusConsensus RangeActual
Production Index23.3 29.4 
General Activity Index36.5 32.0 29.1  to 38.5 32.3 

Highlights
Energy prices are strong and the Dallas manufacturing sector shows it, with the general activity index at 32.3 in July which is down from June's overheated 36.5 but still just over Econoday's consensus. Showing outright acceleration is the production index, up more than 6 points to 29.4. And despite delivery snags being reported across the manufacturing sector, shipments also accelerated in July, up 5 points to 30.8.

Order indications are strong but did slow slightly which is probably a positive that will give the sample some breathing room. Outlook readings also slowed on what the report describes as rising uncertainty, especially the company outlook which nevertheless remains strong. Other readings include rising strength in employment and rising hours worked. Price and wage pressures remain highly elevated.

Consensus Outlook
Dallas has been among the very strongest of the regional surveys, the result of high energy prices which are making for big gains in orders and also confidence in the outlook. Another month of strength is expected for July, at a consensus 32.0 for the general activity index vs June's outsized 36.5.

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
 
 

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


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