Economic Collapse

[basserdan]

10:30a Dallas Fed Manufacturing Survey
General Activity Index 4.6 actual vs 9.0 prior
Production Index 24.2 actual vs 20.8 prior

Consensus Outlook
The general activity index slowed abruptly in August, to 9.0 from a 5-month run in the 30s and high 20s. September's consensus is 11.0.

Definition
The Dallas Fed Manufacturing Survey tracks factory activity in Texas on a monthly basis. Firms are asked whether output, employment, orders, prices and other indicators increased, decreased or remained unchanged over the previous month. Responses are aggregated into balance indexes where positive values generally indicate growth while negative values generally indicate contraction. About 100 manufacturers regularly participate in the survey.