THE BASIS POINT

Chicago Fed Index down. Dallas Fed Slower Growth.

 

Dallas Federal Reserve Manufacturing Survey (February 2013)

Bus Activity Index 2.2. Previous was 5.5 Production Index  6.2. Previous was 12.9.

Despite slowing growth this is one of the better regional Fed reports.

Chicago Federal Reserve National Activity Index

Level  -0.32.  Previous was revised from +0.02 to +0.25.

Since February is a short month and BLS data was gathered during the week ended 2/15 and the first Friday in March is March 1. the BLS Employment Situation Report will not be available until 3/8.

 

 

 

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