The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas increased to -3.0 in July 2020 from the previous month's -6.1, amid the easing of coronavirus lockdown restrictions. The production index, a key measure of state manufacturing conditions, rose to +16.1 from +13.6, suggesting a slight pickup in the pace of output growth. Other measures of manufacturing activity also pointed to slightly accelerating growth this month: new orders (up 4 points to +6.9); both capacity utilisation (up 6.4 points to +14); and shipments (up 14.2 points to +17.3) hit their highest readings in nearly a year; and the growth rate of orders index turned positive after spending four months in negative territory (up 7.1 points to +1.3). Labor market measures indicated modest growth in employment and workweek length. The employment index went up from -1.5 to +3.1, marking its first positive reading since January and the hours worked index rose to +5.8 from -4.3.

Dallas Fed Manufacturing Index in the United States averaged 1.78 points from 2004 until 2020, reaching an all time high of 47.80 points in June of 2004 and a record low of -74 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 August of 2020. source: Federal Reserve Bank of Dallas

Dallas Fed Manufacturing Index in the United States is expected to be 5.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Dallas Fed Manufacturing Index in the United States to stand at 8.00 in 12 months time. In the long-term, the United States Dallas Fed Manufacturing Index is projected to trend around 5.00 points in 2021, according to our econometric models.

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United States Dallas Fed Manufacturing Index

Actual Previous Highest Lowest Dates Unit Frequency
-3.00 -6.10 47.80 -74.00 2004 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-27 02:30 PM Apr -73.7 -70 -88
2020-05-26 02:30 PM May -49.2 -74 -57
2020-06-29 02:30 PM Jun -6.1 -49.2 -26
2020-07-27 02:30 PM Jul -3.0 -6.1 -16
2020-08-31 02:30 PM Aug -3.0
2020-09-28 02:30 PM Sep 5
2020-10-26 02:30 PM Oct
2020-11-30 03:30 PM Nov


News Stream
Texas Manufacturing Activity Falls at Softer Pace
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas increased to -3.0 in July 2020 from the previous month's -6.1, amid the easing of coronavirus lockdown restrictions. The production index, a key measure of state manufacturing conditions, rose to +16.1 from +13.6, suggesting a slight pickup in the pace of output growth. Other measures of manufacturing activity also pointed to slightly accelerating growth this month: new orders (up 4 points to +6.9); both capacity utilisation (up 6.4 points to +14); and shipments (up 14.2 points to +17.3) hit their highest readings in nearly a year; and the growth rate of orders index turned positive after spending four months in negative territory (up 7.1 points to +1.3). Labor market measures indicated modest growth in employment and workweek length. The employment index went up from -1.5 to +3.1, marking its first positive reading since January and the hours worked index rose to +5.8 from -4.3.
2020-07-27
Texas Manufacturing Activity Falls at Slower Pace
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas rose to -6.1 in June 2020 from the previous month's -49.2, as the state reopened its economy following weeks of lockdown due to the coronavirus pandemic. The production index, a key measure of state manufacturing conditions, climbed to +13.6 from -28.0, indicating moderate expansion in output following three months of record or near-record declines. Other measures of manufacturing activity also pointed to a rebound in growth this month: new orders (up 33.5 points to +2.9, its first positive reading in four months); growth rate of orders (up 25 points to -5.8); capacity utilization (up 33.6 points to +7.6); and shipments (up 28.8 points to +3.1).
2020-06-29
Texas Manufacturing Output Contraction Eases in May
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas rose to -49.2 in May 2020 from the previous month's record low of -74.0, as the state gradually reopened its economy amid the coronavirus crisis. The production index, a key measure of state manufacturing conditions, improved to -28.0 from -55.6, suggesting the contraction in output has eased somewhat since last month. Other measures of manufacturing activity pointed to a less-severe decline in May: new orders (-30.6 vs -68.7); growth rate of orders (-30.8 vs -62.7); capacity utilization (-26.0 vs -54.8); and shipments (-25.7 vs -56.8). Labor market measures indicated further employment declines and shorter workweeks this month. Looking ahead, the index of future general business activity remained negative but rose 24 points to -19.0, while most indexes for future manufacturing activity returned to positive territory, rebounding notably in May.
2020-05-26
Texas Manufacturing Sector Contracts at Record Pace
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas dropped to -73.7 in April 2020, its lowest reading since the survey began in 2004, as the Covid-19 pandemic forced many businesses to close or halt their activity. The production index, a key measure of state manufacturing conditions, tumbled 20.0 points to -55.3, suggesting the contraction in output has steepened since last month. Other measures of manufacturing activity also pointed to a sharper decline in April: new orders (down 25.7 points to an all-time low of -67.0); growth rate of orders (down 17.3 points to -62.2); capacity utilization (down 21.1 points to -54.5) and shipments (down 22.8 points to -56.6). Labor market measures indicated further employment declines and shorter workweeks this month. Expectations regarding future business conditions remained negative in April.
2020-04-27

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.