- Retail Trade, Household Consumption (Feb), Population (Feb)
- Mauritius: PPI (Feb-Prelim)
- Business Sentiment Survey (Mar)
- Korea: Building Permits (Feb); Philippines: LFS (Q3); Thailand: PPI (Mar-Press)
- Japan: First Ten Days Trade (Mar), International Trade, Real Trade Indexes (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency
- 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 August 29, 2016
The Federal Reserve Bank of Dallas indicated that its General Business Activity index declined to -6.2 this month from -1.3 in July. These figures represent improvement, however, from readings as low as -34.6 in January. The production figure of 4.5 was up from -13.1 three months ago. The growth rate of new orders also improved to 2.1, the best reading since October 2014. In addition, shipments strengthened. Hiring did not improve, however, as the employment index remained negative as it has been all year. Growth in wages & benefits deteriorated. Pricing power improved as indicated by the prices received index at -1.3, up from -15.5 in December.
The index of future business activity deteriorated to 7.0, but indicated improvement versus a low of -24.0 in January. The future production series fell to 32.8 from 45.2, but remained up from the 24.6 low six months ago. Expected orders and shipments growth also deteriorated m/m, but remained greatly improved versus three months ago. The index of expected wages & benefits to be paid in six months jumped sharply to the highest level since last September.
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)||Aug||Jul||Jun||Aug'15||2015||2014||2013|
|Current General Business Activity Index||-6.2||-1.3||-18.3||-16.3||-12.5||8.3||2.2|
|Growth Rate of Orders||2.1||-9.7||-18.6||-12.7||-11.8||4.7||0.1|
|Number of Employees||-5.0||-2.6||-11.5||-3.6||-0.4||11.5||5.6|
|Prices Received for Finished Goods||-1.3||-5.7||-5.2||-15.0||-8.5||8.3||2.9|
|General Business Activity Index Expected in Six Months||7.0||18.4||2.6||3.6||4.1||17.4||11.0|
|Growth Rate of New Orders||27.2||34.7||20.3||18.4||20.7||31.5||25.0|
|Wages & Benefits||38.1||30.0||31.6||32.8||33.2||43.1||38.2|