United States Dallas Fed Manufacturing Index

Last Release

Mar 31, 2024

Actual

-14.4

Units In

Points

-11.3

Frequency

Monthly

Next Release

Apr 29, 2024

Time to Release

1 Months 3 Days 3 Hours

Highest	Lowest	Average	Date Range	Source
48 Jun 2004	-72.2 Apr 2020	1.12 Points	2004-2024	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 Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas decreased to -14.4 in March 2024, down 3.1 points from -11.3 in the previous month. Meanwhile, the company outlook index slipped 7.7 points to -16.2, while the outlook uncertainty index moved up 12 points to a six-month high of 23.0. The production index, a key measure of state manufacturing conditions, fell 5.1 points to -4.1, indicating a slight decline in output month over month. Other measures of manufacturing activity also showed declines this month, with the new orders index plunging 17 points to -11.8, the capacity utilization index decreasing by 4.7 points to -5.7, and the shipments index dropping 15.5 points to -15.4. Finally, labor market measures suggested slower job growth and shorter workweeks in March.