United States Dallas Fed Manufacturing Index

Last Release

Jun 30, 2025

Actual

-12.7

Units In

Points

-15.3

Frequency

Monthly

Next Release

Jul 28, 2025

Time to Release

26 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
48 Jun 2004	-72.2 Apr 2020	0.42 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 rose to -12.7 in June 2025 from -15.3 in May, marking a fifth month of contraction with signs of easing. Output was flat for the second month, with the production index steady at 1.3. New orders remained negative at -7.3, shipments dropped to -7.3, and capacity utilization held near zero at -1.0. The company outlook index improved slightly to -8.9, but uncertainty rose to 15.2, indicating increased caution amid ongoing weakness. Labor data showed a slight hiring pickup, with the employment index at 5.7, though hours worked fell to -8.4, indicating shorter workweeks. Price pressures stayed elevated, with finished goods prices rising to 26.1—the highest in nearly three years—while wage growth remained subdued, the wages index easing to 13.4. Looking ahead, manufacturing expectations stayed cautiously positive, with the future production index at 22.6 and the future business activity index above average.