United States Dallas Fed Manufacturing Index

Last Release

Mar 31, 2025

Actual

-16.3

Units In

Points

-8.3

Frequency

Monthly

Next Release

Apr 28, 2025

Time to Release

26 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
48 Jun 2004	-72.2 Apr 2020	0.68 Points	2004-2025	Federal Reserve Bank of Dallas

The Dallas Fed Manufacturing Index measures the performance of manufacturing sector in the state of Texas. The index is derived from a survey of around 100 business executives and tracks variables such as output, employment, orders and prices. A reading above 0 indicates an expansion of the factory activity compared to the previous month; below 0 represents a contraction; while 0 indicates no change. Texas produces around 9.5 percent of manufacturing output in US. The state ranks second behind California in factory production and first as an exporter of manufactured goods.

Latest Updates

The Dallas Fed's general business activity index for Texas manufacturing dropped 8 points to -16.3 in March 2025, reaching its lowest level since July 2024 and signaling a further worsening of business conditions in the sector. Other measures of manufacturing activity showed mixed results. The production index jumped 15 points to 6.0, while the new orders index improved slightly, rising three points to zero. The shipments index remained positive and steady at 6.1, and the capacity utilization index, though still negative, edged up six points to -2.3. Meanwhile, sentiment among firms weakened further. The company outlook index dropped to an eight-month low of -10.7, and the outlook uncertainty index surged 7 points to 36.2, its highest level since fall 2022. Labor market indicators pointed to declining headcounts and slightly shorter workweeks in March. Input cost pressures ticked higher, while wage growth and selling price pressures remained stable.