Dallas Fed Manufacturing Index is released every month. It reflects overall business conditions and activity in the Texas' manufacturing sector.
The index is calculated based on a survey of more than 100 large manufacturing companies in the region. Company's managers are polled to assess changes in working conditions for a number of parameters, such as production, new orders, prices in the current month and forecasts for the next six months. Also, they characterize the overall business activity. The survey participants are asked to provide relative estimates: whether figures have increased, decreased or remain unchanged.
Separate indices are calculated for each of the values based on reports. The index is calculated as a difference between the percentage of respondents reporting a decrease and the percentage of those reporting growth. So, if the index value is positive, this means that most of the companies have reported an improvement in the business environment. The index values are seasonally adjusted.
Texas makes a significant contribution to the national economy, since it is second only to California in terms of industrial production, and the leading region in terms of exports. 9.5% of the total US production is located here. Thus, Dallas Fed Manufacturing Index may serve as a leading indicator of the entire US economy health. Its key values closely correlate with national ones.
The growth in production activity is a favorable factor for economic growth. Therefore, an increase in the Dallas Fed Manufacturing Index may affect dollar quotes positively.
The chart of the entire available history of the "Federal Reserve Bank (Fed) of Dallas Manufacturing Index" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.