April Dallas Fed Manufacturing Outlook: Business Activity Index +21.1 vs. +7.2 the month before,...


April Dallas Fed Manufacturing Outlook: Business Activity Index +21.1 vs. +7.2 the month before, a sixth straight month of expansion in the index. Mfg. Production Index 18.2, hitting a new two-year high, vs. prior 8.7. Labor index builds on its swing to positive, going to +9.8 from +2.8.
Comments (6)
  • OptionManiac
    , contributor
    Comments (3492) | Send Message
     
    More bad news!! Sell!!
    26 Apr 2010, 11:39 AM Reply Like
  • Devin DeCiantis
    , contributor
    Comments (3) | Send Message
     
    (from the bottom of the official release)

     

    Comments from Survey Respondents

     

    These comments were selected from respondents' completed surveys and have been edited for publication.

     

    Food Manufacturing
    Dairy costs have increased significantly, especially when compared with last year.

     

    Beverage and Tobacco Product Manufacturing
    First quarter sales were weak, despite price reductions. Profits trended downward in the first three months of the year, though April is looking better.

     

    Chemical Manufacturing
    The rig count has moved up substantially, increasing the demand for our products from customers in the oilfield industry. We think there is going to be a slight leveling off in the rig count, which in turn will bring our business down.

     

    Nonmetallic Mineral Product Manufacturing
    We are seeing a modest increase in business levels due to seasonal influences. We continue to believe that the economic recovery will be slow.

     

    Fabricated Metal Product Manufacturing
    After adjusting for seasonal variation, we are generally seeing demand return in markets that have been significantly down over the past 28 months. Positive signs indicate that planning activity is starting to take place for larger projects, such as new commercial construction.

     

    We remain concerned whether this is a lasting increase or a flurry of pent-up activity that will be short-lived.

     

    Machinery Manufacturing
    Our sectors (downstream energy, petrochemicals, power, pipeline, steel) remain very sluggish.

     

    Computer and Electronic Product Manufacturing
    We are beginning to see large cost increases for materials due to higher transportation, regulatory compliance and insurance costs. The additional cost pressures will make recovery more difficult since they will preclude additional investment in reducing our costs and improving our competitive position.

     

    Furniture and Related Product Manufacturing
    Weak credit has hurt several of our customers and put them in serious financial difficulty. We do not see anything in the next six months that will help this issue.
    26 Apr 2010, 11:52 AM Reply Like
  • Econdoc
    , contributor
    Comments (2938) | Send Message
     
    Even so. The report has plenty of bests since...more than enough to support that growth is strong. Very strong. BTW. Did you see Whirlpool's results? Most significant today. Stock is up 15%. When was the last time that happened...
    26 Apr 2010, 12:00 PM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    wow more great "fed" data.

     

    On a similar note, I've got an idea. Let's allow students grade their own papers and see what happens with national GPA's.
    26 Apr 2010, 11:54 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3492) | Send Message
     
    So, Whirlpool just made up their results?
    26 Apr 2010, 12:41 PM Reply Like
  • If U Say So
    , contributor
    Comments (348) | Send Message
     
    I love to see improving results especially when its sequential. But one thing we all need to keep in mind is this next quarter will be producing results that will also be compared to the year ago quarter. This is important because its the first quarter that will be compared to a year ago quarter that had seen at least part of its results in a more normalized credit environment. Both the first and fourth quarters were comparable to quarters significantly affected by a 'fell-off-the-cliff no-credit environment. They were easy comparisons. Comparisons will get harder and harder with each successive quarter unless we see real and substantial growth.
    26 Apr 2010, 01:43 PM Reply Like
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