United States Dallas Fed Manufacturing Index

Last Release

Jun 30, 2024

Actual

-15.1

Units In

Points

-19.4

Frequency

Monthly

Next Release

Jul 29, 2024

Time to Release

1 Months 3 Days 0 Hours

Highest	Lowest	Average	Date Range	Source
48 Jun 2004	-72.2 Apr 2020	0.9 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 came in at -15.1 in June 2024, up from a four-month low of -19.4 in May. The production index, a key measure of state manufacturing conditions, inched up to 0.7 from -2.8 in May. The new orders index remained slightly negative, though it has moved up steadily over the past few months to -1.3 in June from -11.8 in March. The capacity utilization index slipped to -4.8 from -2.0, while the shipments index moved back into positive territory, climbing six points to 2.8. Meanwhile, labor market measures suggested slight employment declines and shorter workweeks this month. Upward pressure on prices and wages continued in June. Expectations regarding future manufacturing activity pushed up notably this month. The future production index jumped 10 points to 27.1, and the future general business activity index surged 16 points to 12.9, its highest reading since early 2022.