United States Dallas Fed Manufacturing Index

Last Release

Oct 31, 2024

Actual

-3

Units In

Points

-9

Frequency

Monthly

Next Release

Nov 25, 2024

Time to Release

26 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
48 Jun 2004	-72.2 Apr 2020	0.73 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 -3 in October 2024, up from -9 in the prior month, indicating the mildest contraction in the ongoing sequence of negative readings that started in May 2022. The production index, a key measure of state manufacturing conditions, shot up 18 points to 14.6, its highest reading in more than two years. Additionally, the capacity utilization and shipments indexes posted large gains and moved into positive territory, coming in at 4.3 and 1.5, respectively. However, the new orders index remained negative at -3.7, indicating a slight decrease in demand. Meanwhile, labor market measures suggested employment declines and shorter workweeks this month. Moderate upward pressure on prices and wages persisted, with the wages and benefits index rising five points to 23.5, the raw materials prices index slipping to 16.3, and the finished goods prices index holding steady at 7.4.