The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas declined to -17.7 in June of 2022 from -7.3 in May, remaining the lowest since May 2020. The production index, a key measure of state manufacturing conditions, fell from 18.8 to 2.3, reaching its lowest reading since May 2020. The new orders indexed dipped into negative territory for the first time in two years (-7.3 vs 3.2) and the growth rate of orders index pushed further negative (-16.2 vs -5.3) while the capacity utilization and shipments indexes remained positive but fell markedly (1.2 vs 3.3). Labor market measures continued to indicate robust employment growth and longer workweeks. On the price front, prices and wages continued to increase strongly. Finally, expectations regarding future manufacturing were notably less optimistic than in May. source: Federal Reserve Bank of Dallas

Dallas Fed Manufacturing Index in the United States averaged 2.98 points from 2004 until 2022, 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 July of 2022.

Dallas Fed Manufacturing Index in the United States is expected to be -17.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Dallas Fed Manufacturing Index is projected to trend around 10.00 points in 2023 and 5.00 points in 2024, according to our econometric models.

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United States Dallas Fed Manufacturing Index



Calendar GMT Actual Previous Consensus TEForecast
2022-05-31 02:30 PM May -7.3 1.1 0.3
2022-06-27 02:30 PM Jun -17.7 -7.3 1
2022-07-25 02:30 PM Jul -17.7


Related Last Previous Unit Reference
Dallas Fed Manufacturing Index -17.70 -7.30 points Jun 2022
Dallas Fed Manufacturing Employment Index 15.20 20.90 points Jun 2022
Dallas Fed Services Revenues Index 9.40 6.30 points Jun 2022
Dallas Fed Services Index -12.40 1.50 points Jun 2022
Dallas Fed Manufacturing Production Index 2.30 18.80 points Jun 2022
Dallas Fed Manufacturing Prices Paid Index 57.50 61.80 points Jun 2022
Dallas Fed Manufacturing New Orders Index -7.30 3.20 points Jun 2022

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
-17.70 -7.30 48.00 -72.20 2004 - 2022 points Monthly
SA

News Stream
Texas Manufacturing Sector Contracts Faster in June
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas declined to -17.7 in June of 2022 from -7.3 in May, remaining the lowest since May 2020. The production index, a key measure of state manufacturing conditions, fell from 18.8 to 2.3, reaching its lowest reading since May 2020. The new orders indexed dipped into negative territory for the first time in two years (-7.3 vs 3.2) and the growth rate of orders index pushed further negative (-16.2 vs -5.3) while the capacity utilization and shipments indexes remained positive but fell markedly (1.2 vs 3.3). Labor market measures continued to indicate robust employment growth and longer workweeks. On the price front, prices and wages continued to increase strongly. Finally, expectations regarding future manufacturing were notably less optimistic than in May.
2022-06-27
Dallas Fed Manufacturing Index at 2-Year Low
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas plunged to -7.3 in May of 2022 from 1.1 in March. It was the lowest reading since May of 2020, as the new orders index fell nine points to 3.2, and the growth rate of orders index plummeted 18 points and turned negative at -5.3. Both readings mark their lowest levels in about two years. Meanwhile, the production index, a key measure of state manufacturing conditions, rose from 10.8 to 18.8, signaling an acceleration in growth from April. Also, the capacity utilization and shipments indexes moved up to 19.8 and 13.1, respectively. Labor market measures indicated robust employment growth and longer workweeks. On the price front, prices and wages continued to increase strongly in May. Finally, expectations regarding future manufacturing were mixed but generally less optimistic than in April.
2022-05-31
Texas Manufacturing Activity Growth at Near 2-Year Low
The Federal Reserve Bank of Dallas' general business activity index for manufacturing in Texas slipped further to 1.1 in April of 2022 from 8.7 in March. It was the lowest reading since October of 2020. The production index, a key measure of state manufacturing conditions, ticked down two points to 10.8, a reading in line with the index’s average. Meanwhile, the new orders index inched up to 12.1, while the growth rate of orders index held steady at 13.0. The capacity utilization index was unchanged at 14.3, and the shipments index pushed up five points to 11.8. Labor market measures indicated robust employment growth and longer workweeks Prices and wages continued to increase strongly in April, though the indexes eased off their historical highs. Expectations regarding future manufacturing activity generally eased but remained positive.
2022-04-25