United States Dallas Fed Manufacturing Index

Last Release

Dec 31, 2025

Actual

-10.9

Units In

Points

-10.4

Frequency

Monthly

Next Release

Jan 26, 2026

Time to Release

26 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
48 Jun 2004	-72.2 Apr 2020	0.27 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 fell 0.5 points to -10.9 in December 2025, its lowest level since June, while the outlook index sank deeper into negative territory at -11.9, indicating a deterioration in perceptions of broader business conditions. Manufacturing activity weakened across the board. The production index dropped 24 points to -3.2, signaling a modest decline in output. New orders fell 11 points to -6.4, capacity utilization plunged 24 points to -4.5, and the shipments index slid to -10.6, its lowest reading in 17 months. Labor market indicators pointed to largely unchanged headcounts but shorter workweeks. The employment index edged down to -1.1, with 12% of firms reporting net hiring and 13% reporting net layoffs. The hours worked index fell sharply by 17 points to -7.5. Price pressures were little changed, while wage growth showed a slight pickup.