| Dallas Fed Mfg Survey | Back |
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Released On 5/27/2011 9:30:00 AM For May, 2011
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Actual |
| Bus Activity Index | -7.4 | | Production Index | 12.7 |
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Highlights
Current conditions and the outlook mostly softened for Texas manufacturing in May but the outlook remains relatively healthy. The general business activity index fell to minus 7.4 in May from 10.5 the prior month (breakeven is zero). However, the production index actually improved to 12.7 from 8.1 in April. New orders are sluggish at 1.1 versus 4.3 in April. A notable positive in current conditions is that the average workweek improved to 13.2 from minus 0.7.
The six-month outlook numbers are more positive than current conditions for the most part. While the outlook general business activity index slipped to 7.9 from 16.9 production is strong at 41.3 compared to 50.4 in April. The number of employees index is notably positive at 28.3, unchanged from April.
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Definition
The Dallas Fed conducts this monthly survey of manufacturers in Texas regarding their operations in the state. Participants from across the state represent a variety of industries. In the latter half of the month, the questions for the manufacturing survey are electronically transmitted to respondents and answers are collected over a few days. About 100 manufacturers regularly participate in the Dallas Fed survey, which began collecting data in mid 2004. Participants are asked whether various indicators have increased, decreased or remained unchanged. Answers cover changes over the previous month and expectations for activity six months into the future. The breakeven point for each index is zero with positive numbers indicating growth and negative numbers reflecting decline. Why Investors Care
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