What does the Dallas Fed Texas Manufacturing Index measure?

It measures business conditions and manufacturing activity in Texas through 33 diffusion indexes covering production, employment, prices, and outlooks.

How often is the survey published and how far back does it go?

The survey is published monthly by the Federal Reserve Bank of Dallas with data series beginning in June 2004.

What are the main sections of the survey?

The survey is divided into two primary blocks: current month conditions and expectations six months ahead.

How should index values be interpreted?

Values above zero indicate month-over-month growth and expansion, while values below zero indicate contraction in manufacturing activity.

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Dallas Fed Texas Manufacturing Index

Name: Dallas Fed Texas Manufacturing Index
Creator: Dallas FED (Texas Manufacturing Outlook Survey)
License: https://creativecommons.org/licenses/by/4.0/

US Texas manufacturing index and survey from the Dallas Fed.

Source: Dallas FED (Texas Manufacturing Outlook Survey)Last updated: Sep 21, 2026, 15:02Curated by Bui Thanh PhucAbout this data ↓

Indicator	08-2026	07-2026	06-2026	05-2026	04-2026	03-2026	02-2026	01-2026	12-2025	11-2025	10-2025	09-2025	08-2025	07-2025	06-2025	05-2025	04-2025	03-2025	02-2025	01-2025	12-2024	11-2024	10-2024	09-2024	08-2024	07-2024	06-2024	05-2024	04-2024	03-2024	02-2024	01-2024	12-2023	11-2023	10-2023	09-2023	08-2023
Current Month17
Production	16.1	10.1	4.1	9.4	19	6.8	12.5	11.2	-3	20.7	5.5	5.5	15.4	21.8	1.8	1.7	5.8	6.5	-8.4	12.1	5.2	-0.2	15.6	-1.9	2	-0.9	1.5	-1.5	5.8	-3.4	2.7	-16	1.6	-7	5	8.6	-11.9
Capacity utilization	12.8	5.9	7.3	5.2	19.8	7.2	11.8	7.1	-4.6	19.3	-1	4.1	13.8	17.8	-0.5	-0.5	-4	-1.8	-8.3	4.8	-0.8	-4	5.3	-5.8	-1.1	-9	-3	0.3	6.2	-4.4	-0.5	-15.5	1	-11	4	7.3	-4.5
New orders volume	22	6.4	2.3	6.4	9.9	6.1	11.1	11.8	-6.6	4.9	-1.3	-2.3	5.9	-3.4	-7.3	-8.9	-20.4	-0.6	-3.7	6.7	2	-9.7	-1.4	-3.1	-2.5	-11	1.4	0.8	-2.1	-10.4	6.1	-14.3	-10	-19.4	-8.4	-4.8	-16.2
Order Growth rate	8.1	-0.4	-2	-2.9	8.5	2.2	8.6	-6.7	-16.9	-2.2	-4.5	-7.1	2.1	-9.6	-17.5	-16.7	-22.4	-8.4	-8.1	0.6	-3.2	-12.2	-11.3	-8.2	-5.1	-15.7	-2.4	-8.8	5.6	-19	-4.7	-15.2	-22.7	-24.7	-16.1	-7.6	-12.7
Unfilled orders	-1.3	-2	-2.8	3.3	-6.5	-6.1	2.9	-6.1	-13.4	-6.5	-6.2	-8.4	-5.1	-12	-11.9	-9.1	-13.5	-8.4	-9.9	-4.9	-6.1	-13.9	-17.3	-17.7	1.1	-26.2	-4.4	-2.6	-5.4	-16.4	-13.1	-13.3	-9.9	-18.2	-12.4	0.7	-13.9
Shipments volume	14.1	8.8	7.1	7.4	15	1.8	9.9	12	-10.5	14.8	5.3	6.4	14.8	2.8	-7.4	0.6	-5.6	6.2	5.9	8.2	1.1	-4	3.8	-4.9	2.5	-13.8	4.9	-1	7	-14.2	1.3	-17.3	-4.8	-9.7	-1.6	-1	-15.8
Delivery time	12.5	2.3	0.9	1.4	-7.4	2.8	11.6	-2.7	4	-7.9	-6.8	-7.6	2.8	-7	-7.1	-1.1	-8.6	3.8	-6.1	-3.8	-3	-5.5	-12.3	-8	-2.1	-5.9	-3.3	-9.7	-0.5	-6.9	-8	-8	-3.7	-8.1	-7.9	-1.8	-5.4
Finished goods inventories	2.9	1.5	7.8	-12	-12.1	-5	8.9	-12.2	-13.5	-14.3	-11	-9.7	3.8	-11.2	-11.3	-1.3	4.6	7.2	-9.1	-8.5	1.1	-14.1	2.3	-3.7	6.1	-5	-2.5	-2.4	-5.8	4.7	1.1	-2.2	-5.4	-2.2	-5.3	-6.9	-6.9
Prices paid for raw materials	44.1	41.3	42.4	42.7	37	32.7	31.7	37.1	35.2	34.6	32.9	42.8	43.4	41.8	43.1	40.8	48.8	37.8	34.9	17.5	12.7	30.4	18.6	19.5	29.5	24.6	22.8	21	12.2	21.9	15.8	20.2	18.5	12.8	14.5	24.9	16.4
Prices received for finished goods	22.7	25.6	28.6	18.9	27.6	18.4	17.9	18.5	8.8	11.3	8.1	12.5	15.9	11.8	26.9	15.5	15.2	6.8	8.2	6.3	-2.2	10	8.9	9.8	9.7	4.3	15	4.6	5.9	12.1	1.3	0.2	6.7	-6.8	-2.2	1.4	1
Wages and benefits	21.1	30.8	26	23.6	24.8	25.2	31.9	17.4	21.7	15.3	14	15.7	15.3	12.8	13	14.5	13.7	15.7	16.5	20.7	17.6	18.8	23.7	18.7	22.3	21.5	24.7	21.5	30.8	20.6	20.2	20.5	24.9	19.9	23.9	34.9	34.8
Number of employees	8	12.2	13.9	0.2	-0.9	-1	7.5	8.2	-1.4	1	1.8	-3.5	8.6	8.3	5.6	3.5	-3.9	-4.9	-1.4	2	0.5	5	-4.9	3.3	-1	6.9	-3	-5.4	0.8	2	6	-9.9	-2.3	3.9	6.4	13.5	3.6
Average weekly work hours	5.9	4.3	5.9	1.8	4	0.9	6.1	0.7	-7.8	9.4	-5.8	3.3	15.3	8	-8.3	-3.4	-6.4	-2.8	-14.3	1.9	-0.5	0	-4.5	-2.2	-2.2	-13.2	-4.5	-3.2	-1.8	-7.5	-6.2	-12.2	-0.2	-6.4	-1.8	4.7	-4.2
Capital expenditures	8.2	12.2	11.4	6	3.1	5.7	-0.4	8.2	8.4	10.2	5.1	13.4	14.7	7	10.9	2.2	-0.5	-0.4	8.5	13.3	10.9	7.5	4.3	11.3	15.4	0.7	0.6	17.2	11.1	1.8	4.8	4.2	2.8	3.6	1.7	-7.6	-9.9
Company outlook	19.2	13.4	2.3	0.3	3	-3.5	3.1	2.9	-12.3	-6.5	-0.5	-1.1	3	4.7	-9.2	-10.6	-28.1	-10.2	-5	18.5	12.3	9.9	0.4	-3.2	-6.7	-15.6	-4	-8.9	-2.3	-12.2	-4.9	-18.8	-9.8	-17.9	-16.2	-16.4	-17.8
General business activity	11.6	1.3	0	0.4	-2.3	-0.2	0.2	-1.2	-11.3	-10.6	-4.8	-8.8	-1.7	1.2	-12.7	-15.3	-35.9	-16.2	-8.5	14.6	4.3	-1.7	-2.1	-8.3	-9.4	-17.5	-14.7	-18.7	-13.6	-13.6	-12.7	-28	-10.8	-21.1	-20.7	-19.1	-18.8
Uncertainty regarding company outlook	8.7	6.4	10.9	19.2	17.9	26	6.5	4.8	0	15.7	22.2	13.9	18.3	11.2	15.2	12.7	47.1	36.2	29.2	1.3	1.2	5.9	16.4	17.3	7.5	30.7	9.8	16.4	17.3	23	11	20.9	18.3	20.3	20.2	27	12.7
Expectations Six Months Ahead16
Production	40.9	34.6	34.8	36.8	34.6	35.7	34.3	29.2	32.9	32.5	20.2	30.5	39.4	29.3	22	30.6	14.4	26.8	27.6	44.3	33.5	44.7	44.8	36.7	34.1	32.7	28.5	18.1	36.3	33.2	23.1	21.4	12.1	12.7	20.1	10.5	5.6
Capacity utilization	38.6	29.7	33.8	28.5	37.4	27	27.3	25.1	28	33.2	16.9	23.3	40.2	26.9	20	21.5	11	15.4	27.4	41.3	33.5	35.1	43.3	36	33.5	22.2	22.6	18.6	31.1	27	21	15.7	12.7	13	12.8	6.3	2.7
New orders volume	42.4	29.2	35.5	28.6	31.4	29.2	25	32	29.6	38.3	17.4	34.1	35.5	23.5	22.5	21	9.6	28.4	25.6	46	37.4	46.1	38.5	34.9	31.6	32.3	31.6	15.5	28.2	25.7	25.8	20.2	14.4	8.4	13.1	10.6	3
Order Growth rate	41	24.6	28.3	12.9	24.4	17.5	14.5	24.9	24.1	26.9	7.3	32.1	27.7	18.2	14.6	10.1	8.6	17.1	19.1	42.8	28.4	38	27.7	29.9	18.5	21	26.3	9.1	21.8	20.2	19.1	13.1	5.3	6.2	8.5	2	-0.2
Unfilled orders	15.3	11.7	3.4	0	6	-0.7	5.8	0.6	1.7	-0.5	-8.8	-0.8	11.8	-4.5	-6.8	-1.9	-6.5	-2.3	-1.6	12.8	1.3	10.8	2.7	2.4	7.7	-2	-1.7	-0.4	-2.8	0.3	4	-2.3	-6.9	-6.7	2.8	-10.9	-13
Shipments volume	45.2	30.3	35.1	33.7	36.3	28.8	31.6	28.4	33.2	26.4	17.7	29.2	36.5	20.1	26.5	20.5	12.2	21	31.4	47.3	35.1	39.7	41.2	30.5	31.7	31.3	30	17.6	32	23.8	25.6	20.8	13.8	18.8	22.5	9.4	4.8
Delivery time	15.4	2.3	5.5	3.1	-2.2	3.8	1.1	3.2	5.2	-4.5	-1.3	-0.8	-1.8	-5.5	-0.2	-1.2	-6.9	-8	0.4	3.4	1.7	-3.9	5.2	10.9	4.8	5.2	-0.3	-0.8	-3.3	0.9	-3.2	-3.3	-1	-3.6	-4.4	-9	-3.8
Finished goods inventories	-1.6	-1.7	-8.1	-2.9	4.9	4.1	2.7	11.7	4.2	-1.5	3.1	-10.3	-1.3	-5.4	-2.6	-8.2	-16.5	-1.3	4.8	-4	-1.3	-5.1	-4.9	-5	3.9	-6.9	-8	-3.8	2.5	-9.9	-3.5	4.6	-3.4	-10.3	-4.6	-7.3	-15.9
Prices paid for raw materials	53.5	45.5	32	44.9	47.3	50.7	42.7	35.9	36.1	42.1	47.3	48.3	49.3	49.2	41.4	40.3	47.5	52.6	58.6	39.5	25	31.9	28.7	26.2	25	27.8	21.7	29.2	22.1	25.6	20.1	24.6	26	28.1	29.7	23.1	21.9
Prices received for finished goods	40.9	34.4	27.5	28.1	38.1	39.2	39.5	37.7	31.9	38.8	37.3	39.7	35.5	43.2	27.3	28.2	29.6	27.6	42	35.6	25.9	27.8	19.7	17.5	21.2	23	19.5	19	17.3	17.3	22.7	18.4	27	24.2	26.4	14.9	2.5
Wages and benefits	46.9	40.8	45.8	37.9	35.5	38	41.7	32	41.3	38	40.7	27.5	41.4	36.4	31.1	15.2	21.9	26.4	39.2	36.7	39.2	41.8	40.5	42.7	38.2	39.4	33.7	32.4	41	42.4	34.7	35	33.7	37.8	40.4	37	39
Number of employees	34.5	20.1	25.4	17.9	21.6	19.5	16.8	18.1	21.1	22.8	19.2	13	27.5	27.3	15.3	13.6	13	17.3	16.5	27.7	28.8	26.4	29.8	20.1	22.5	19.1	12.8	14.9	21.6	18.9	16.4	14.3	6.6	11	10.8	12.8	12.2
Average weekly work hours	15.6	4.8	10.8	11.8	0.7	1.4	-0.4	-1.3	3	5.5	7.3	3.3	6.8	8.7	-4.4	-0.4	0.2	1.3	8.6	9.3	12	11.1	14.1	4.5	9.3	8.7	3.4	10.8	7.6	0	4.3	-2.9	3.8	-1.6	5.1	-2.8	-2
Capital expenditures	25.9	25.9	27	12.6	21.6	24.8	10.7	22	17.8	13	27.1	12.8	23.5	15.6	16.7	24	7.9	10.6	21.4	27.1	23.4	14.3	13.6	24.6	20.6	23.4	12.9	15.3	12.4	13.7	17.7	8.4	10.6	13.3	14.6	12	13.6
Company outlook	35.3	28.7	28.5	16.5	15.6	18.2	25.7	23.2	16.9	16.4	7.2	11.5	26.7	21.4	16.3	5.2	-6.3	4.4	13.7	36.1	18.7	36.3	35.4	11.9	18.7	22.3	23.8	5.8	16.4	14.3	13	4	1.2	-9.1	-3.2	-3.4	5.5
General business activity	37.2	26.5	25.9	14.3	14.1	10.6	12.7	16.6	11.1	11.3	7.4	8.7	25.3	19.4	14.6	1.7	-15	-6.6	7.3	35.3	20.3	30.7	30	12.1	11.5	21.3	12.8	-2.5	9.3	2.3	5.8	-10.9	-9.2	-15.5	-7.5	-16.5	-4

Latest reading

General business activity stood at 11.6 in Aug 2026. That is +10.3 from Jul 2026 and +13.3 from a year earlier. The series on this page is monthly and runs from Jun 2004 to Aug 2026. Source: Dallas FED (Texas Manufacturing Outlook Survey).

Latest: 11.6; Aug 2026
vs previous period: +10.3; Jul 2026
vs a year earlier: +13.3

About this data

US Texas manufacturing index and survey from the Dallas Fed. It tracks 33 diffusion indexes covering current month conditions and six-month expectations for Texas plants since 2004. Metrics include production, new orders, prices, and employment. Positive index values indicate expansion while negative values show contraction.

Frequently asked questions

What does the Dallas Fed Texas Manufacturing Index measure?: It measures business conditions and manufacturing activity in Texas through 33 diffusion indexes covering production, employment, prices, and outlooks.
How often is the survey published and how far back does it go?: The survey is published monthly by the Federal Reserve Bank of Dallas with data series beginning in June 2004.
What are the main sections of the survey?: The survey is divided into two primary blocks: current month conditions and expectations six months ahead.
How should index values be interpreted?: Values above zero indicate month-over-month growth and expansion, while values below zero indicate contraction in manufacturing activity.