The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas increased 5.6 points from the previous month to +13.6 in September 2020, the highest since November 2018, as activity continues to recover from the coronavirus shock. The production index, a key measure of state manufacturing conditions, increased 9.2 points to +22.3, its highest reading in two years. Other measures of manufacturing activity pointed to above-average growth: new orders (up 4.9 points to +14.7); growth rate of orders (up 1.4 points to +13.2); capacity utilization (up 6.6 points to 17.5). The shipments index dropped 1.8 points to +21.5. Labor market measures indicated stronger employment growth and a continued increase in workweek length. source: Federal Reserve Bank of Dallas

Dallas Fed Manufacturing Index in the United States averaged 1.87 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 October of 2020.

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 3.00 points in 2021 and 5.00 points in 2022, according to our econometric models.

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United States Dallas Fed Manufacturing Index

Actual Previous Highest Lowest Dates Unit Frequency
13.60 8.00 47.80 -74.00 2004 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
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 8.0 -3.0 -2
2020-09-28 02:30 PM Sep 13.6 8.0 5
2020-10-26 02:30 PM Oct 13.6 9.5
2020-11-30 03:30 PM Nov
2020-12-28 03:30 PM Dec 2


News Stream
Texas Manufacturing Activity at Near 2-Year High
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas increased 5.6 points from the previous month to +13.6 in September 2020, the highest since November 2018, as activity continues to recover from the coronavirus shock. The production index, a key measure of state manufacturing conditions, increased 9.2 points to +22.3, its highest reading in two years. Other measures of manufacturing activity pointed to above-average growth: new orders (up 4.9 points to +14.7); growth rate of orders (up 1.4 points to +13.2); capacity utilization (up 6.6 points to 17.5). The shipments index dropped 1.8 points to +21.5. Labor market measures indicated stronger employment growth and a continued increase in workweek length.
2020-09-28
Texas Manufacturing Activity at 1-1/2-Year High
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas increased 11.0 points from the previous month to 8.0 in August 2020, the highest since February 2019, as activity rebounded amid the easing of coronavirus lockdown restrictions. The production index, a key measure of state manufacturing conditions, came in at 13.1, down slightly from July but still indicative of moderate growth. Other measures of manufacturing activity also pointed to expansion this month: new orders (+2.9 points to 9.8); the growth rate of orders (+10.5 points to 11.8); shipments (+6.0 points to 23.3); and capacity utilization (-3.1 points to 10.9). The company outlook index registered a third consecutive positive reading, shooting up 10.7 points to 16.6, its highest reading in nearly two years. Labor market measures indicated solid growth in employment and workweek length.
2020-08-31
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

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.