- US: GDP & Corporate Profits (Q4, 3rd release)
- Canada: Industrial Products & Raw Material Prices (Feb)
- Spain: Flash HICP and CPI, Construction Business Survey Press (Mar)
- Euro area: EC Business and Consumer Surveys (Mar)
- Belize: GDP (Q4)
- Chile: IP (Feb); Brazil: Retail Trade - Rebased 2014=100 (Jan)
- Croatia: Employment, Retail Trade Press (Feb), Earnings (Jan); Bulgaria: PPI (Feb); Montenegro: Wages (Feb); Latvia: Retail Trade (Jan); Lithuania: External Debt Service (Q4);
- more updates...
Economy in Brief
U.S. Initial Claims for Unemployment Insurance Ease
Initial jobless insurance applications fell to 258,000 (-3.1% y/y) during the week ended March 25...
U.S. Pending Home Sales Jump
The NAR reported that pending home sales increased 5.5% in February to an index level of 112.3...
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...
by Tom Moeller February 27, 2017
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index increased to 24.5 during February, the strongest reading since April 2006. Improved readings for production, employment and the delivery times index led the total higher. Another labor indicator, the wages & benefits series, remained firm. As for inflation, the finished goods prices paid indicator surged to the highest level since April 2011, and the raw materials prices index also strengthened to its 2011 high.
The General Business Activity, Six Months Ahead Index backed away from its 13-year high. Expected production, new orders and shipments all eased. Expected employment and wages & salaries, however, strengthened significantly.
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'16||2016||2015||2014|
|Current General Business Activity Index||24.5||22.1||17.7||-31.4||-8.8||-12.5||8.4|
|Growth Rate of Orders||2.0||6.7||-1.1||-17.6||-7.3||-11.8||4.7|
|Number of Employees||9.6||6.1||-3.4||-13.3||-4.9||-0.4||11.5|
|Prices Received for Finished Goods||19.5||17.7||16.2||-12.7||-1.6||-8.5||8.3|
|General Business Activity Index Expected in Six Months||37.0||43.7||42.5||-1.5||8.9||4.1||17.4|
|Growth Rate of New Orders||39.9||48.4||36.0||18.5||24.3||20.7||31.5|
|Wages & Benefits||45.0||42.5||43.6||28.0||34.8||33.2||43.1|