The Dallas Fed Manufacturing Index (General Business Activity) for April 2026 was released this morning, falling two points to –2.3. While the headline number remains in negative territory, the underlying data shows a sharp acceleration in factory production and improved company optimism.
Texas Manufacturing Outlook Survey (April 2026)
- Production Index: Jumped 12 points to 19.0, indicating a significant acceleration in output.
- General Business Activity: Slipped to –2.3 from –0.2.
- New Orders: Increased to 9.9, up from 6.1 in March.
- Company Outlook: Rebounded into positive territory at 3.0 (up from –4.0).
- Capacity Utilization: Rose 13 points to 19.8.
Price and Wage Pressures
- Finished Goods Prices: Surged to 27.6, its highest level since July 2022.
- Raw Materials Prices: Increased to 37.0 from 32.7.
- Wages and Benefits: Remained relatively steady at 24.8.
Impact of the War in Iran
In a supplemental survey, Texas executives cited higher fuel and energy costs as the primary negative impact of the ongoing conflict.
- 47% of manufacturers report a negative impact so far.
- 34% expect future impacts if the war continues.
- 7% noted a positive impact, largely due to increased domestic demand for oil and gas services.
The Texas Manufacturing Outlook Survey is published monthly by the Federal Reserve Bank of Dallas to track factory activity in the state, which accounts for roughly 9.5% of total U.S. manufacturing output.
Follow-up: Would you like to see the special question results regarding the Iran war's impact on other Texas business sectors?
All responses may include mistakes. For financial advice, consult a professional. Learn more
Add comment
Comments