- Japan: First Ten Days Trade (Mar), International Trade, Foreign Banks Foreign Banks in Japan (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency Assets, Liabilities, and Currency Flows (Feb); Australia: Flow of Funds (Q4), Job Vacancies (Q1)
- Korea: Building Permits (Feb); Philippines: LFS (Q3)
- US: IIP (Q4)
- more updates...
Economy in Brief
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
German Federal Debt Levels Fall
German debt level fell outright in Q4 2016 as the ratio of federal debt-to-GDP also fell...
NABE 2018 Forecast: Modest Improvement in Economic Growth & Higher Inflation
The NABE expects 2.5% real U.S. economic growth in 2018 compared to 2.3% forecast for 2017...
by Tom Moeller March 29, 2016
The Federal Reserve Bank of Dallas indicated that industrial activity in the state continued to deteriorate this month, but the rate of decline lessened. The measure of general business activity of -13.6 was the smallest negative reading since November. The figure gained m/m as production & shipments turned positive. Declines in new orders, employment and wages & benefits growth eased. The rate of decline in finished goods prices slowed.
Expectations for business activity in six months also improved. The expected business activity reading turned positive, although the expected readings for shipments and production deteriorated. On the labor front, expectations for employment deteriorated, but wages & benefits improved. Worker-hours backpedaled to a three year low.
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)||Mar||Feb||Jan||Mar'15||2015||2014||2013|
|Current General Business Activity Index||-13.6||-31.8||-34.6||-17.7||-12.5||8.3||2.2|
|Growth Rate of Orders||-11.7||-17.4||-17.5||-15.4||-11.8||4.7||0.1|
|Number of Employees||-10.3||-11.1||-4.2||-3.2||-0.4||11.5||5.6|
|Prices Received for Finished Goods||-8.2||-12.5||-9.6||-9.9||-8.5||8.3||2.9|
|General Business Activity Index Expected in Six Months||6.1||-2.1||-24.0||3.3||4.1||17.4||11.0|
|Growth Rate of New Orders||17.4||18.7||16.8||12.9||20.7||31.5||25.0|
|Wages & Benefits||34.7||34.5||28.5||34.2||33.2||43.1||38.2|