The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas decreased to -14.4 in March 2024, down 3.1 points from -11.3 in the previous month. Meanwhile, the company outlook index slipped 7.7 points to -16.2, while the outlook uncertainty index moved up 12 points to a six-month high of 23.0. The production index, a key measure of state manufacturing conditions, fell 5.1 points to -4.1, indicating a slight decline in output month over month. Other measures of manufacturing activity also showed declines this month, with the new orders index plunging 17 points to -11.8, the capacity utilization index decreasing by 4.7 points to -5.7, and the shipments index dropping 15.5 points to -15.4. Finally, labor market measures suggested slower job growth and shorter workweeks in March. source: Federal Reserve Bank of Dallas

Dallas Fed Manufacturing Index in the United States decreased to -14.40 points in March from -11.30 points in February of 2024. Dallas Fed Manufacturing Index in the United States averaged 1.05 points from 2004 until 2024, reaching an all time high of 47.70 points in June of 2004 and a record low of -74.50 points in April of 2020. This page provides the latest reported value for - United States Dallas Fed Manufacturing Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Dallas Fed Manufacturing Index - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-26 03:30 PM
Dallas Fed Manufacturing Index
Feb -11.3 -27.4 -8
2024-03-25 02:30 PM
Dallas Fed Manufacturing Index
Mar -14.4 -11.3 -8
2024-04-29 02:30 PM
Dallas Fed Manufacturing Index
Apr -14.4 -11

Components Last Previous Unit Reference
Dallas Fed Manufacturing Employment Index 1.50 5.90 points Mar 2024
Dallas Fed Manufacturing New Orders Index -11.80 5.20 points Mar 2024
Dallas Fed Manufacturing Prices Paid Index 21.10 15.40 points Mar 2024
Dallas Fed Manufacturing Production Index -4.10 1.00 points Mar 2024

Related Last Previous Unit Reference
ISM Manufacturing PMI 50.30 47.80 points Mar 2024
Chicago Fed National Activity Index 0.15 0.09 points Mar 2024
Dallas Fed Manufacturing Index -14.40 -11.30 points Mar 2024
Dallas Fed Services Index -5.50 -3.90 points Mar 2024
Dallas Fed Services Revenues Index 4.00 5.20 points Mar 2024
Kansas Fed Manufacturing Index -13.00 -9.00 points Apr 2024
NFIB Business Optimism Index 88.50 89.40 points Mar 2024
NY Empire State Manufacturing Index -14.30 -20.90 points Apr 2024
Richmond Fed Manufacturing Index -7.00 -11.00 points Apr 2024

United States Dallas Fed Manufacturing Index
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.
Actual Previous Highest Lowest Dates Unit Frequency
-14.40 -11.30 47.70 -74.50 2004 - 2024 points Monthly
SA

News Stream
Dallas Fed Manufacturing Index Falls in March
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas decreased to -14.4 in March 2024, down 3.1 points from -11.3 in the previous month. Meanwhile, the company outlook index slipped 7.7 points to -16.2, while the outlook uncertainty index moved up 12 points to a six-month high of 23.0. The production index, a key measure of state manufacturing conditions, fell 5.1 points to -4.1, indicating a slight decline in output month over month. Other measures of manufacturing activity also showed declines this month, with the new orders index plunging 17 points to -11.8, the capacity utilization index decreasing by 4.7 points to -5.7, and the shipments index dropping 15.5 points to -15.4. Finally, labor market measures suggested slower job growth and shorter workweeks in March.
2024-03-25
Texas Manufacturing Sector Contracts Less in February
The Federal Reserve Bank of Dallas’s general business activity index for manufacturing in Texas increased to -11.3 in February 2024 from an eight-month low of -27.4 in the prior month. The production index, a key measure of state manufacturing conditions, rebounded 16 points to 1.0, indicative of stabilization. The new orders index, a key measure of demand, climbed 18 points in February to 5.2, its first positive reading since May 2022. The capacity utilization and shipments indexes both posted double-digit increases to push up from contractionary territory into neutral territory. The employment index rebounded after two negative readings, rising 16 points to 5.9. On the price front, wage and input costs continued to increase this month, while selling prices remained flat. Finally, the future production index held steady at 22.4, and the future general business activity index shot up 17 points to 6.2, returning to positive territory after six months of negative readings.
2024-02-26
Texas Manufacturing Sector Contracts Faster in January
The Federal Reserve Bank of Dallas’s general business activity index for manufacturing in Texas slipped 17 points to -27.4 in January 2024, the lowest in eight months, suggesting a deeper contraction during the month. The production index, a key measure of state manufacturing conditions, dropped 17 points to -15.4, marking its lowest reading since mid-2020. The new orders index ticked down from -10.1 to -12.5 in January, while the growth rate of orders index remained negative but pushed up eight points to -14.4. The capacity utilization index dropped to a multiyear low of -14.9, and the shipments index slipped 11 points to -16.6. The employment index moved down seven points to -9.7, its lowest reading since mid-2020. On the price front, wage and input costs continued to increase this month, while selling prices were flat. Looking forward, the future production index moved up 10 points to 21.7, and most other indexes pushed further positive as well.
2024-01-29