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United States Dallas Fed Manufacturing Index

Last Release
May 31, 2024
Actual
-19.4
Units In
Points
Previous
-14.5
Frequency
Monthly
Next Release
Jun 24, 2024
Time to Release
25 Days 22 Hours
Highest
Lowest
Average
Date Range
Source
48
Jun 2004
-72.2
Apr 2020
0.97 Points2004-2024Federal 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 Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas decreased to -19.4 in May 2024, hitting a new 4-month low, and down 4.9 points from -14.5 in the previous month. Meanwhile, the company outlook index slipped 7.1 points to -13.4, while the outlook uncertainty index was largely unchanged at 16.4, near its historical average. The production index, a key measure of state manufacturing conditions, fell 7.6 points to -2.8, indicating a slight decline in output month over month. Other measures of manufacturing activity also suggested weaker activity this month, with the capacity utilization index decreasing by 6.2 points to -2 and the shipments index dropping 8 points to -3. Conversely, the new orders index ticked up 3.1 points to -2.2. Finally, labor market measures suggested modest employment declines and slightly shorter workweeks this month.

United States Dallas Fed Manufacturing Index History

Last 12 readings

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