- Korea: GDP (Q4); Thailand Auto Sales (Feb)
- Turkey: Capacity Utilization, Business Tendency survey (Mar); South Africa: Tourism & Migration (Jan), Manufacturing Survey (Q1)
- Croatia: Tourism (Jan); Montenegro: Foreign Trade (Feb); Czech Republic: CPI by COICOP (Feb), Registered Employment (Q4); Kazakhstan: Loans & Deposits (Feb); Slovenia: Business Cycle Indicators (Mar); Russia: Employment by Industry (Q4);
- more updates...
Economy in Brief
Texas Factory Sector Activity Remains Strong
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March...
EMU Money and Credit Growth Are Less Than Impressive Than Euro-PMIs
EMU nominal money supply growth is slightly higher over three months, but credit growth in the EMU is slower...
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February...
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
by Tom Moeller February 29, 2016
The Federal Reserve Bank of Dallas indicated that industrial activity in the state deteriorated sharply this month. The measure of general business activity of -31.8 was up slightly from January, but still near the lowest level since April 2009. The reading gained m/m due to the production figure, but new orders growth remained depressed. Shipments improved slightly, but employment growth was still negative. Wage & benefit growth continued to fall. Weakness in economic activity caused finished goods prices to decline, as they have since early last year.
Expectations for business activity in six months also remained negative, but less so than in the prior two months. The company outlook, employment and production readings improved along with future shipments. The earlier weakness in expected new orders also lessened. On the labor front, expectations for wages & benefits rebounded to the highest level since September. Worker hours jumped to the highest level since July.
Each index is calculated by subtracting the percentage reporting a decrease from the percentage reporting an increase. When all firms report that activity has increased, an index will register 100. An index will register -100 when all firms report a decrease. An index will be zero when the number of firms reporting an increase or decrease is equal. Items may not add up to 100% because of rounding. Data for the Texas Manufacturing Outlook can be found in Haver's SURVEYS database.
|Texas Manufacturing Outlook Survey (SA, % Balance)||Feb||Jan||Dec||Feb'15||2015||2014||2013|
|Current General Business Activity Index||-31.8||-34.6||-21.6||-11.6||-12.5||8.3||2.2|
|Growth Rate of Orders||-17.4||-17.5||-13.5||-16.5||-11.8||4.7||0.1|
|Number of Employees||-11.1||-4.2||10.9||0.0||-0.4||11.5||5.6|
|Prices Received for Finished Goods||-12.5||-9.6||-15.5||-4.4||-8.5||8.3||2.9|
|General Business Activity Index Expected in Six Months||-2.1||-24.0||-2.2||6.1||4.1||17.4||11.0|
|Growth Rate of New Orders||18.7||16.8||16.7||12.9||20.7||31.5||25.0|
|Wages & Benefits||34.5||28.5||29.7||37.4||33.2||43.1||38.2|