Dallas Fed Manufacturing

Two Regional Fed Reports Show Weakening

Chicago Federal Reserve National Activity Index (August 2012) – Index Level was -0.87.  Previous was -0.12 – 3 Month Moving Average was -0.47 This data is weak showing declines in Industrial Production and Capacity Utilization and indicative of wear 3rdQ2012 GDP growth. Dallas Federal Reserve Manufacturing Survey (September 2012) – Business Activity Index was -0.9. 

Two Regional Fed Reports Show Weakening

Chicago Federal Reserve National Activity Index (August 2012) – Index Level was -0.87.  Previous was -0.12 – 3 Month Moving Average was -0.47 This data is weak showing declines in Industrial Production and Capacity Utilization and indicative of wear 3rdQ2012 GDP growth. Dallas Federal Reserve Manufacturing Survey (September 2012) – Business Activity Index was -0.9. 

Fundamentals 10/31: Chicago PMI

Chicago PMI – Business Barometer Index for October 2011 was 58.4 indicating expansion Dallas Federal Reserve Manufacturing Survey (October) -The Dallas Fed Index was still positive but down from 5.9 to 4.1. BLS Employment Situation Report is this Friday. Consensus is still for a slow growth of about 90,000 jobs.