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. source: Federal Reserve Bank of Dallas

Dallas Fed Manufacturing Index in the United States increased to 3.40 points in December from -2.70 points in November of 2024. Dallas Fed Manufacturing Index in the United States averaged 0.66 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 January of 2025.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-25 03:30 PM
Dallas Fed Manufacturing Index
Nov -2.7 -3 -2.4 1
2024-12-30 03:30 PM
Dallas Fed Manufacturing Index
Dec 3.4 -2.7 -0.4
2025-01-27 03:30 PM
Dallas Fed Manufacturing Index
Jan 3.4

Components Last Previous Unit Reference
Dallas Fed Manufacturing Employment Index 0.30 4.90 points Dec 2024
Dallas Fed Manufacturing New Orders Index -0.90 -11.90 points Dec 2024
Dallas Fed Manufacturing Prices Paid Index 10.50 28.50 points Dec 2024
Dallas Fed Manufacturing Production Index 3.90 -0.90 points Dec 2024
Dallas Fed Manufacturing Shipments Index -2.00 -5.90 points Dec 2024

Related Last Previous Unit Reference
ISM Manufacturing PMI 49.30 48.40 points Dec 2024
Chicago Fed National Activity Index -0.12 -0.50 points Nov 2024
Dallas Fed Manufacturing Index 3.40 -2.70 points Dec 2024
Dallas Fed Services Index 9.60 9.80 points Dec 2024
Dallas Fed Services Revenues Index 13.80 10.90 points Dec 2024
Kansas Fed Manufacturing Index -5.00 -4.00 points Dec 2024
NFIB Business Optimism Index 101.70 93.70 points Nov 2024
NY Empire State Manufacturing Index 0.20 31.20 points Dec 2024
Richmond Fed Manufacturing Index -10.00 -14.00 points Dec 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
3.40 -2.70 47.70 -74.50 2004 - 2024 points Monthly
SA


News Stream
Dallas Fed Manufacturing Index Edges Higher
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.
2024-12-30
Texas Manufacturing Sector Downturn Eases Further
The Dallas Fed's Texas manufacturing activity index improved slightly to -2.7 in November 2024, from -3 in October, nearing forecasts of -2.4. This marked the smallest contraction since negative readings began in May 2022. The company outlook index rose to 5.8, its first positive reading since early 2022, while the outlook uncertainty index dropped to 5.9. However, the production index dropped sharply to near zero from 14.6, and the new orders index slid further to -11.9, signaling weak demand. Capacity utilization and shipments also turned negative at -4.8 and -5.9, respectively. Labor market data showed increased hiring and steady workweeks. On the price front, the raw materials prices index moved up 12 points to 28.5, and the finished goods prices index was largely unchanged at 8.8. The wages and benefits index slipped five points to 18.6. Lastly, Manufacturers expect increased activity in six months, with the future production index rising to a three-year high of 44.0.
2024-11-25
Texas Manufacturing Sector Contraction Softens
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.
2024-10-28