United States Dallas Fed Manufacturing Index

Last Release

Nov 30, 2025

Actual

-10.4

Units In

Points

-5

Frequency

Monthly

Next Release

Dec 29, 2025

Time to Release

1 Months 2 Days 16 Hours

Highest	Lowest	Average	Date Range	Source
48 Jun 2004	-72.2 Apr 2020	0.32 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 fell to -10.4 in November 2025, from -5 in the prior, signaling a fourth consecutive monthly contraction in manufacturing activity and the steepest since June. The production index rose to 20.5, signaling a notable pickup in output growth. Outlooks worsened, with the company outlook index falling to -6.3, though uncertainty eased to 15.7. The new orders index increased to 4.8, while capacity utilization jumped to 19.4. The shipments index rose to 15.1. Employment conditions were essentially flat, with the employment index at 1.2, as 17% of firms reported hiring and 16% layoffs. Hours worked increased to 9.9. Price and wage pressures increased slightly, with raw material prices rising to 35.3, finished goods prices to 10.8, and the wages and benefits index to 15.4. Six month expectations remained positive, with future production up to 33.7 and future general business activity at 11.