United States Dallas Fed Manufacturing Index

Last Release

Apr 30, 2025

Actual

-35.8

Units In

Points

-16.3

Frequency

Monthly

Next Release

May 27, 2025

Time to Release

27 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
48 Jun 2004	-72.2 Apr 2020	0.54 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 plunged 19.5 points to -35.8 in April 2025, reaching its lowest level since May 2020 and signaling a further worsening of sector conditions. The production index ticked down 0.9 points to 5.1, while the new orders index plummeted 19.9 points to –20.0. The shipments index fell 11.6 points into negative territory at –5.5, and the capacity utilization index slipped 1.5 points to –3.8. Meanwhile, sentiment among firms weakened further, the company outlook index retreated 17.6 points to a post-pandemic low of –28.3, and the outlook uncertainty index jumped 10.9 points to 47.1. Labor market indicators suggested a slight decrease in headcounts and shorter workweeks, with employment holding fairly steady at –3.9 and the hours-worked index slipping to –6.4. Input cost pressures accelerated, wage growth remained largely unchanged, and selling-price pressures intensified.