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 

Highlights
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.

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
 
 

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


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