The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas decreased 2.4 points from the previous month to 34.9 in May of 2021. The new orders index came in at 20.8, down from 38.5 in April but more than triple the series average of 6.3. Similarly, the growth rate of orders index came in at 19.5, down from 32.3 but still elevated. The production index, a key measure of state manufacturing conditions, fell 18 points to 15.7, a reading still well above average and indicative of healthy output growth. The capacity utilization index remained high, though it slipped from 34.6 to 23.2, and the shipments index fell from 32.6 to 18.3. Labor market measures indicate robust but slower growth in employment and steady growth in work hours. The employment index came in at 22.7, down from 31.3 but still highly elevated. source: Federal Reserve Bank of Dallas

Dallas Fed Manufacturing Index in the United States averaged 2.64 points from 2004 until 2021, reaching an all time high of 48 points in June of 2004 and a record low of -72.20 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 June of 2021.

Dallas Fed Manufacturing Index in the United States is expected to be 28.00 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 17.00 in 12 months time. In the long-term, the United States Dallas Fed Manufacturing Index is projected to trend around 10.00 points in 2022 and 5.00 points in 2023, according to our econometric models.

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United States Dallas Fed Manufacturing Index

Actual Previous Highest Lowest Dates Unit Frequency
34.90 37.30 48.00 -72.20 2004 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-22 03:30 PM Feb 17.2 7.0 -30
2021-03-29 02:30 PM Mar 28.9 17.2 18
2021-04-26 02:30 PM Apr 37.3 28.9 26
2021-06-01 02:30 PM May 34.9 37.3 32
2021-06-28 02:30 PM Jun 34.9 31
2021-07-26 02:30 PM Jul
2021-08-30 02:30 PM Aug
2021-09-27 02:30 PM Sep


News Stream
Texas Manufacturing Activity Growth Slows in May
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas decreased 2.4 points from the previous month to 34.9 in May of 2021. The new orders index came in at 20.8, down from 38.5 in April but more than triple the series average of 6.3. Similarly, the growth rate of orders index came in at 19.5, down from 32.3 but still elevated. The production index, a key measure of state manufacturing conditions, fell 18 points to 15.7, a reading still well above average and indicative of healthy output growth. The capacity utilization index remained high, though it slipped from 34.6 to 23.2, and the shipments index fell from 32.6 to 18.3. Labor market measures indicate robust but slower growth in employment and steady growth in work hours. The employment index came in at 22.7, down from 31.3 but still highly elevated.
2021-06-01
Texas Manufacturing Activity Growth at Nearly 3-Year High
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas increased 8.4 points from the previous month to 37.3 in April 2021, the highest since June 2018. The new orders index rose eight points to 38.5, and the growth rate of orders index climbed 10 points to 32.3. Both readings were the highest in the survey’s 17-year history. The capacity utilization index remained high, slipping to 34.6 from 46.1; and the shipments index held steady at 32.6. The production index, a key measure of state manufacturing conditions, fell 14 points to 34.0, a reading still well above average and indicative of robust output growth. The employment index jumped to 31.3, its highest reading since the survey began in 2004.
2021-04-26
Texas Manufacturing Activity Grows the Most since 2018
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas increased 11.7 points from the previous month to +28.9 in March of 2021, the highest since August of 2018. The production index, a key measure of state manufacturing conditions, surged 28.1 points to 48, the highest on record. Other measures of manufacturing activity also pointed to faster growth: new orders index (up 17.5 points to +30.5); the growth rate of orders index (up 11.1 points to +22.7); shipments (up 17 points to 33.1) and capacity utilization (up 29.6 points to +46.1). Meanwhile, labour market measures indicated robust growth in employment (up 6.1 points to 18.8) and work hours (up 12.1 points to 23.4). Also, price pressures intensified for both prices paid (up 8.6 to 66) and prices received (up 9.2 to 32.2). The company outlook index shot up 15 points to 25.8, its highest reading since mid-2018. The outlook uncertainty index edged down to 5.5.
2021-03-29
Texas Manufacturing Activity Picks Up in February
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas increased 10.2 points from the previous month to +17.2 in February 2021, the highest since a two-year high hit in October 2020. The production index, a key measure of state manufacturing conditions, surged 15.3 points to 19.9, indicating a sharp acceleration in output growth. Other measures of manufacturing activity also pointed to more rapid growth: new orders index (up 6.7 points to +13.0); the growth rate of orders index (up 5.7 points to +11.6); capacity utilization index (up 7.3 points to +16.5); and shipments (up 2.6 points to +16.1). Meanwhile, labor market measures indicated robust but slightly slower growth in employment and work hours.
2021-02-22

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.