Dallas Fed Survey in United States

Reserva Federal de Dallas · Monthly · Importance 64

1.3 (Jul-26) ABS · points · Mensual · CSV

Recessions COVID recession

Period	points
Jul 2026	1.3
Jun 2026	0.0
May 2026	0.4
Apr 2026	-2.3
Mar 2026	-0.2
Feb 2026	0.2
Jan 2026	-1.2
Dec 2025	-11.3
Nov 2025	-10.6
Oct 2025	-4.8
Sep 2025	-8.8
Aug 2025	-1.7
Jul 2025	1.2
Jun 2025	-12.7
May 2025	-15.3
Apr 2025	-35.9
Mar 2025	-16.2
Feb 2025	-8.5
Jan 2025	14.6
Dec 2024	4.3
Nov 2024	-1.7
Oct 2024	-2.1
Sep 2024	-8.3
Aug 2024	-9.4
Jul 2024	-17.5
Jun 2024	-14.7
May 2024	-18.7
Apr 2024	-13.6
Mar 2024	-13.6
Feb 2024	-12.7
Jan 2024	-28.0
Dec 2023	-10.8
Nov 2023	-21.1
Oct 2023	-20.7
Sep 2023	-19.1
Aug 2023	-18.8
Jul 2023	-21.2
Jun 2023	-24.1
May 2023	-29.4
Apr 2023	-23.9
Mar 2023	-16.5
Feb 2023	-14.8
Jan 2023	-8.9
Dec 2022	-21.3
Nov 2022	-15.6
Oct 2022	-21.0
Sep 2022	-18.6
Aug 2022	-14.7
Jul 2022	-23.6
Jun 2022	-18.4
May 2022	-6.8
Apr 2022	1.1
Mar 2022	8.4
Feb 2022	12.7
Jan 2022	0.4
Dec 2021	7.1
Nov 2021	11.7
Oct 2021	14.6
Sep 2021	5.0
Aug 2021	8.6

Period	points
Jul 2026	1.3
Jun 2026	-0.4
May 2026	2.7
Apr 2026	-2.1
Mar 2026	-0.4
Feb 2026	1.4
Jan 2026	10.1
Dec 2025	-0.7
Nov 2025	-5.8
Oct 2025	4.0
Sep 2025	-7.1
Aug 2025	-2.9
Jul 2025	13.9
Jun 2025	2.6
May 2025	20.6
Apr 2025	-19.7
Mar 2025	-7.7
Feb 2025	-23.1
Jan 2025	10.3
Dec 2024	6.0
Nov 2024	0.4
Oct 2024	6.2
Sep 2024	1.1
Aug 2024	8.1
Jul 2024	-2.8
Jun 2024	4.0
May 2024	-5.1
Apr 2024	0.0
Mar 2024	-0.9
Feb 2024	15.3
Jan 2024	-17.2
Dec 2023	10.3
Nov 2023	-0.4
Oct 2023	-1.6
Sep 2023	-0.3
Aug 2023	2.4
Jul 2023	2.9
Jun 2023	5.3
May 2023	-5.5
Apr 2023	-7.4
Mar 2023	-1.7
Feb 2023	-5.9
Jan 2023	12.4
Dec 2022	-5.7
Nov 2022	5.4
Oct 2022	-2.4
Sep 2022	-3.9
Aug 2022	8.9
Jul 2022	-5.2
Jun 2022	-11.6
May 2022	-7.9
Apr 2022	-7.3
Mar 2022	-4.3
Feb 2022	12.3
Jan 2022	-6.7
Dec 2021	-4.6
Nov 2021	-2.9
Oct 2021	9.6
Sep 2021	-3.6
Aug 2021	-19.4

About this indicator

Source	Dallas Fed
Frequency	Monthly
Release	Último lunes de cada mes.
What it is	The Federal Reserve Bank of Dallas runs a monthly survey of manufacturing activity in the state of Texas, addressed to around a hundred executives at industrial firms. It has been produced since 2004 and offers an early read on the sector's pulse.
How it's calculated	The replies are turned into diffusion indices: each is calculated by subtracting the share of responses pointing to a decline in activity from the share pointing to an increase. A reading above zero indicates growth from the previous month and a negative one contraction. The indices are seasonally adjusted.
Market implications	It is a leading indicator of the industrial cycle, useful for anticipating the course of the national economy. Because manufacturing is very sensitive to the economic climate, its output tends to react faster and more sharply than the economy as a whole, making this regional survey an early clue to the cycle ahead of national data.
Limitations	The data may change on revision, so they should be read with caution. Being a regional, small-sample survey, its coverage is limited to Texas and its monthly volatility is high, so it does not always reliably anticipate the national manufacturing figure.