2012 Economic Calendar
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Dallas Fed Mfg Survey  
Released On 2/27/2012 10:30:00 AM For Feb, 2012
PriorConsensusConsensus RangeActual
Production Index5.8 11.2 
General Activity Index15.3 15.0 10.0  to 16.5 17.8 

Highlights
Manufacturing is gaining strength in Texas, according to the Dallas Fed. The general business activity index improved to 17.8 in February from 15.3 the month before. The latest number was the highest reading since November 2010. Production picked up the pace, rising to 11.2 from 5.8 the month before. However, the new orders index showed slower growth at 5.8 versus 9.5 in January.

Labor market indicators reflected a sharp increase in hiring and longer workweeks. The employment index jumped to 25.2, its highest level since the beginning of 2006. Twenty-nine percent of firms reported hiring new workers, while 4 percent reported layoffs. The hours worked index continued to suggest average workweeks lengthened.

Expectations regarding future business conditions remained optimistic in February. The index of future general business activity remained positive for the fifth month in a row but moved down from 22.3 to 15.9.

Consensus Outlook
The Dallas Fed general business activity index in its Texas manufacturing survey in January shot up to 15.3 after dipping to minus 0.3 in December. The company outlook index also increased markedly, rising from 5.0 in December to 13.5. Both indexes reached their highest readings in 10 months. The new orders index jumped to 9.5, its highest reading in six months, from minus 2.0 in December.

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
 
 

2012 Release Schedule
Released On: 1/302/273/264/305/296/257/308/279/2410/2911/26
Release For: JanFebMarAprMayJunJulAugSepOctNov
 


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