econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 30 November 2015

November 2015 Texas Manufacturing Survey Manufacturing Activity Improves.

Of the five Federal Reserve districts which have released their November manufacturing surveys - two are in contraction and three are in expansion. A complete summary follows.

There market expections (from Bloomberg) were -13.0 to -9.5 (consensus -11.0) versus 5.2 actual. From the Dallas Fed:

Texas factory activity increased for a second month in a row in November after exhibiting weakness in the first three quarters, according to business executives responding to the Texas Manufacturing Outlook Survey.[1] The production index, a key measure of state manufacturing conditions, edged up from 4.8 to 5.2.

Some other indexes of current manufacturing activity also reflected growth in November, but the survey's demand measures remained in negative territory. New orders, an indicator of incoming demand, stabilized somewhat this month. The index rose 6 points but stayed slightly negative at -1.6. The growth rate of orders index has been negative for 13 months and held fairly steady at -7.3 in November. Meanwhile, the capacity utilization index posted a third positive reading but slipped to 5.9, and the shipments index remained positive but moved down to 4.2.

Perceptions of broader business conditions were mixed in November. The general business activity index was negative again but less so, rising nearly 8 points to -4.9. The company outlook index pushed up to 0.8—with the near-zero reading reflective of essentially unchanged outlooks from October—after three months in negative territory.

Labor market indicators reflected a notable rise in November. The employment index posted a double-digit increase to 11.6, its highest reading since August 2014. Twenty-four percent of firms noted net hiring, while 12 percent noted net layoffs. The hours worked index also rose sharply to a high not seen in more than a year, coming in at 9.9.

The survey's price measures have been negative most of this year and pushed further negative in November. The raw materials prices index declined to -5.1, suggesting a slightly steeper decline in input costs than last month. The finished goods prices index posted its eleventh negative reading in a row and moved down to -12.1. Meanwhile, the wages and benefits index edged down but stayed strong at 16.

Expectations regarding future business conditions increased in November. The index of future general business activityrose three points to 7.3, and the index of future company outlook rose six points to 16.2. Indexes for future manufacturing activity showed mixed movements but remained strongly positive.

Source: Dallas Fed

Summary of all Federal Reserve Districts Manufacturing:

Richmond Fed (hyperlink to reports):

z richmond_man.PNG

Kansas Fed (hyperlink to reports):

z kansas_man.PNG

Dallas Fed (hyperlink to reports):

z dallas_man.PNG

Philly Fed (hyperlink to reports):

z philly fed1.PNG

New York Fed (hyperlink to reports):

z empire1.PNG

Federal Reserve Industrial Production - Actual Data (hyperlink to report):

Holding this and other survey's Econintersect follows accountable for their predictions, the following graph compares the hard data from Industrial Products manufacturing subindex (dark blue bar) and US Census manufacturing shipments (lighter blue bar) to the Dallas Fed survey (light blue bar).

Comparing Surveys to Hard Data:

z survey1.png

In the above graphic, hard data is the long bars, and surveys are the short bars. The arrows on the left side are the key to growth or contraction.



>>>>> Scroll down to view and make comments <<<<<<



Permanent link to most recent post on this topic

Click here for Historical Releases Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.







Econintersect Economic Releases


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
The Surprising Pevalence of Surprises in Export Specialisation
The Destruction of the Existing Workforce
News Blog
Badass Grandpa Tokyo Drift!
Hurricane Matthew Clocks Top Wind Speed For 2016 At 101 MPH
Consumer Debt Growth May Have Stalled In Q3
Measuring Americans' Expectations Following The 2016 Election
Infographic Of The Day: Seven Negotiation Techniques
Early Headlines: Asia Stocks Mixed, Europe Lower, Oil And Dollar Down, US Oil Production Climbs, EM Bonds Pain Coming, No Trump Tax Returns, Syria Peace Talks Without US And More
Most Read Articles Last Week Ending 21 January
Why Hospitals Have Got It Wrong When It Comes To Antibiotic Resistance
The Rise Of Music Streaming Continues
60% Of Primate Species Now Threatened With Extinction, Says Major New Study
Most Attendees At Davos 2017 Come From The U.S.
What We Read Today 22 January 2017
Redneck Inventions
Investing Blog
Market And Sector Analysis 22 January 2017
Stock Market Bubble Now Second Largest Of Past 100 Years
Opinion Blog
Trumping World Trade
Retailing In America: Bricks And Torture
Precious Metals Blog
A Slow Start For The Week Would Be Constructive For Gold
Live Markets
23Jan2017 Market Close: Wall Street Down, But Pairs Morning Losses By The Closing Bell, Crude Rises Back To Normalcy And The US Dollar Nears Slipping Below 100
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved