The Federal Reserve Bank of Dallas’ general business activity index for manufacturing in Texas fell for a second straight month to -15.7 in March of 2023 from -13.5 in February, signalling perceptions of broader business conditions continued to worsen. The new orders index was negative for a 10th month in a row (-14.3 vs -13.2); orders continued to contract (-15.2 vs -16.9) and the shipments index pushed down (-10.5 vs -5). On the other hand, the production index, a key measure of state manufacturing conditions, moved up to 2.5 from -2.8, a reading suggestive of a modest increase in output, and the capacity utilization index returned to positive territory, moving up six points to 2.3. Also, labor market measures suggest a resumption of employment growth (10.4 vs -1) and continued lengthening of workweeks. Meanwhile, the company outlook index remained negative but rose four points to -13.3. The outlook uncertainty index came in at 22.0, down slightly from February but still elevated. source: Federal Reserve Bank of Dallas

Dallas Fed Manufacturing Index in the United States averaged 2.23 points from 2004 until 2023, reaching an all time high of 48.00 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 March of 2023.

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United States Dallas Fed Manufacturing Index



Calendar GMT Actual Previous Consensus TEForecast
2023-02-27 03:30 PM Feb -13.5 -8.4 -2
2023-03-27 02:30 PM Mar -15.7 -13.5 -10
2023-04-24 02:30 PM Apr -15.7 -17


Related Last Previous Unit Reference
Business Confidence 47.70 47.40 points Feb 2023
NFIB Business Optimism Index 90.90 90.30 points Feb 2023
Richmond Fed Manufacturing Index -5.00 -16.00 points Mar 2023
NY Empire State Manufacturing Index -24.60 -5.80 points Mar 2023
Dallas Fed Manufacturing Index -15.70 -13.50 points Mar 2023
Chicago Fed National Activity Index -0.19 0.23 points Feb 2023
Dallas Fed Services Revenues Index 5.50 6.60 points Mar 2023
Dallas Fed Services Index -18.00 -9.30 points Mar 2023
Dallas Fed Manufacturing New Orders Index -13.20 -4.00 points Feb 2023
Dallas Fed Manufacturing Employment Index -1.00 17.60 points Feb 2023
Dallas Fed Manufacturing Production Index -2.80 0.20 points Feb 2023
Dallas Fed Manufacturing Prices Paid Index 25.10 20.50 points Feb 2023
Kansas Fed Manufacturing Index 3.00 -9.00 points Mar 2023

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
-15.70 -13.50 48.00 -72.20 2004 - 2023 points Monthly
SA

News Stream
Texas Factory Outlook Continues to Worsen
The Federal Reserve Bank of Dallas’ general business activity index for manufacturing in Texas fell for a second straight month to -15.7 in March of 2023 from -13.5 in February, signalling perceptions of broader business conditions continued to worsen. The new orders index was negative for a 10th month in a row (-14.3 vs -13.2); orders continued to contract (-15.2 vs -16.9) and the shipments index pushed down (-10.5 vs -5). On the other hand, the production index, a key measure of state manufacturing conditions, moved up to 2.5 from -2.8, a reading suggestive of a modest increase in output, and the capacity utilization index returned to positive territory, moving up six points to 2.3. Also, labor market measures suggest a resumption of employment growth (10.4 vs -1) and continued lengthening of workweeks. Meanwhile, the company outlook index remained negative but rose four points to -13.3. The outlook uncertainty index came in at 22.0, down slightly from February but still elevated.
2023-03-27
Texas Manufacturing Sector Contraction Deepens
The Federal Reserve Bank of Dallas’ general business activity index for manufacturing in Texas slipped 5.1 points to -13.5 in February of 2023, from -8.4 in the previous month. It marks the tenth consecutive month of contraction in activity. The new orders index was negative for a ninth month in a row and moved down nine points to -13.2; and the production index, a key measure of state manufacturing conditions, edged down from 0.2 to -2.8, a reading suggestive of a modest contraction in output. Also, the capacity utilization index returned to negative territory after two positive readings, falling 10 points to -4.1. Labor market measures suggest relatively flat employment and longer workweeks. On the price front, price and wage pressures intensified in February. Lastly, the future production index pushed further positive to 21.3, signaling output growth is expected over the next six months. The future general business activity index was slightly negative, moving up from -9.1 to -2.9.
2023-02-27
Texas Manufacturing Sector Downturn Softens
The Federal Reserve Bank of Dallas’ general business activity index for manufacturing in Texas rose 11.6 points to -8.4 in January of 2023, from an upwardly revised 20 in December. The latest reading pointed to the ninth consecutive month of contraction in activity, though the weakest in the current sequence. The production index, a key measure of state manufacturing conditions, fell from 9.1 to 0.2, with the near-zero reading suggestive of flat output. Also, the new orders index was negative for the eighth month in a row, suggesting a continued decrease in demand, though it moved up from -11.0 to -4.0. Meanwhile, labor market measures pointed to stronger employment growth and longer workweeks. Price pressures were generally steady and wage growth eased slightly in January. The future production index pushed further positive to 16.1, signaling that respondents expect output growth over the next six months. The future general business activity index remained negative, coming in at -9.1.
2023-01-30