United States Dallas Fed Manufacturing Index

Last Release

Dec 31, 2024

Actual

3.4

Units In

Points

-2.7

Frequency

Monthly

Next Release

Jan 27, 2025

Time to Release

26 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
48 Jun 2004	-72.2 Apr 2020	0.72 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 Dallas Fed's Texas manufacturing activity index moved up six points to 3.4 in December 2024, its first positive reading since April 2022. The company outlook index was positive for the second successive month, increasing slightly to 8.0, while the outlook uncertainty index fell five points to 1.2. The production index rose to 3.9 from a near-zero reading last month, and the new orders index shot up 11 points to -0.9, suggesting demand was unchanged from November. The capacity utilization and shipments indexes both edged up but remained in negative territory, coming in at -2.5 and -2.0, respectively. Labor market measures suggested employment and workweeks held steady this month. Regarding price development, upward pressure on raw material prices eased this month. Selling prices dropped, and wages rose moderately. The future production index remained positive but decreased to 32.7 from 44.0, with 44 percent of firms expecting an increase in production six months from now.