US - Dallas Manufacturing PMI

by Eduardo Petazze
Last updated: June 29, 2015
The activity of factories in Texas declined again in June 2015.
The production index recorded a fourth consecutive month of contracting output.
The outlook for the industry manufacturing, 2015 are not good.
The purpose of this is to restate the monthly survey compiled by the Federal Reserve Bank of Dallas on
manufacturing activity, like a PMI indicator, facilitating comparison with other indicators.
Latest press release: June 2015 - pdf, 13 pages

Seasonally adjusted
Current Situation
.
Texas Mfg. Business Activity
PMI (SA) New Orders Production Employment Delivery Time Inventories
(as reported)
Weight
100%
20%
20%
20%
20%
20%
2005
62.24
56.60
60.85
60.86
59.71
54.74
46.85
2006
57.88
56.60
58.05
62.03
58.39
50.99
53.54
2007
51.42
52.71
53.85
55.29
53.72
49.82
50.89
2008
33.80
46.76
44.18
48.64
48.14
47.10
45.73
2009
37.93
41.39
42.30
43.56
37.47
43.64
40.00
2010
51.89
51.51
54.35
55.86
52.39
48.65
46.29
2011
49.77
51.53
52.88
53.48
54.43
48.38
48.48
2012
49.72
51.59
50.67
54.35
55.91
49.53
47.49
2013
51.11
52.00
53.60
54.90
52.82
48.81
49.87
2014
54.18
53.83
55.45
57.28
55.75
50.85
49.81
2015
44.47
47.33
43.90
47.29
49.44
48.60
47.41
Own estimate
Current Situation
Texas Mfg. Business Activity
PMI (SA) New Orders Production Employment Delivery Time Inventories
(as reported)
Weight
100%
20%
20%
20%
20%
20%
Jan-14
52.50
53.62
58.25
54.55
54.75
48.00
52.55
Feb-14
50.70
53.58
55.40
55.75
54.95
52.35
49.45
Mar-14
52.90
55.98
57.85
59.05
57.50
50.95
54.55
Apr-14
56.55
57.78
61.15
62.90
60.20
51.85
52.80
May-14
54.35
51.19
52.30
55.80
51.65
46.70
49.50
Jun-14
55.95
54.27
54.15
58.10
56.85
50.95
51.30
Jul-14
56.45
54.37
57.30
59.90
56.05
52.10
46.50
Aug-14
53.60
52.23
51.80
53.70
55.95
52.80
46.90
Sep-14
55.30
53.38
54.50
59.05
55.55
51.25
46.55
Oct-14
55.10
55.01
57.80
57.10
55.35
52.55
52.25
Nov-14
55.05
52.07
53.60
53.25
55.15
49.30
49.05
Dec-14
51.70
52.45
51.30
58.20
55.00
51.40
46.35
Jan-15
47.80
51.06
46.15
50.35
54.50
50.50
53.80
Feb-15
44.40
48.21
43.85
50.30
50.70
48.10
48.10
Mar-15
41.30
47.77
41.95
47.40
49.15
49.40
50.95
Apr-15
42.00
47.01
42.95
47.60
50.90
47.35
46.25
May-15
39.60
44.97
42.95
43.25
45.95
44.90
47.80
Jun-15
46.50
47.54
44.85
46.80
49.40
48.45
48.20
Jul-15
47.07
47.97
46.15
48.78
49.59
49.28
46.06
Aug-15
45.72
47.03
43.86
46.74
49.51
49.92
45.14
Sep-15
45.69
46.96
43.93
48.02
49.07
49.35
44.43
Oct-15
45.27
47.58
45.32
47.49
48.60
49.64
46.87
Nov-15
44.99
46.27
43.67
44.98
48.16
48.08
46.45
Dec-15
43.29
45.59
41.22
45.79
47.75
48.30
44.91
Change
6.90
2.57
1.90
3.55
3.45
3.55
0.40
Latest data Reformulated as an indicator of PMI (The 100% of the firms reporting increase minus the 50%
of reporting unchange)
Own estimate
Suggested Reading: Using the Purchasing Managers Index pdf, 14 pages
Unadjusted
Current Situation
.
Texas Mfg. Business Activity
PMI (NSA) New Orders Production Employment Delivery Time Inventories
(as reported)
Weight
100%
20%
20%
20%
20%
20%
2005
62.27
56.60
60.85
60.85
59.71
54.73
46.85
2006
57.85
56.60
58.03
62.06
58.37
50.99
53.54
2007
51.41
52.71
53.86
55.28
53.71
49.81
50.89
2008
33.78
46.75
44.17
48.64
48.13
47.09
45.73
2009
37.91
41.40
42.33
43.54
37.50
43.64
40.00
2010
51.93
51.51
54.34
55.85
52.40
48.65
46.29
2011
49.77
51.53
52.87
53.48
54.43
48.39
48.48
2012
49.75
51.59
50.68
54.36
55.89
49.53
47.49
2013
51.11
52.00
53.58
54.92
52.84
48.81
49.87
2014
54.18
53.83
55.45
57.27
55.75
50.85
49.81
2015
44.47
47.33
43.90
47.29
49.44
48.60
47.41
Own estimate
Current Situation
Texas Mfg. Business Activity
PMI (NSA) New Orders Production Employment Delivery Time Inventories
(as reported)
Weight
100%
20%
20%
20%
20%
20%
Jan-14
54.80
54.24
58.55
58.05
53.55
48.50
52.55
Feb-14
52.15
54.63
57.00
57.00
57.50
52.20
49.45
Mar-14
56.55
59.35
64.50
65.50
60.70
51.50
54.55
Apr-14
60.00
59.59
64.70
66.10
62.05
52.30
52.80
May-14
58.80
53.80
56.00
60.00
54.50
49.00
49.50
Jun-14
56.75
55.70
55.80
61.15
58.00
52.25
51.30
Jul-14
53.10
52.70
54.75
54.80
54.80
52.65
46.50
Aug-14
51.40
51.76
50.40
53.60
55.70
52.20
46.90
Sep-14
52.90
52.19
53.40
56.15
53.85
51.00
46.55
Oct-14
50.90
53.34
54.95
54.95
53.20
51.35
52.25
Nov-14
51.85
49.92
50.50
49.95
52.85
47.25
49.05
Dec-14
50.95
48.68
44.85
49.95
52.30
49.95
46.35
Jan-15
49.95
51.70
46.65
53.85
53.30
50.90
53.80
Feb-15
45.30
48.79
44.85
51.45
52.30
47.25
48.10
Mar-15
44.15
50.62
48.15
53.10
51.35
49.55
50.95
Apr-15
44.80
48.41
45.85
50.45
52.30
47.20
46.25
May-15
42.80
46.80
45.95
46.95
47.35
45.95
47.80
Jun-15
47.40
48.67
47.35
49.15
49.55
49.10
48.20
Jul-15
44.33
46.73
43.74
44.33
49.08
50.42
46.06
Aug-15
43.99
46.76
42.36
46.41
49.92
49.94
45.14
Sep-15
43.85
46.07
42.71
45.36
48.15
49.72
44.43
Oct-15
41.87
46.27
42.68
45.46
47.30
49.07
46.87
Nov-15
42.42
44.54
40.83
42.07
46.70
46.63
46.45
Dec-15
42.77
42.61
35.73
38.92
45.96
47.52
44.91
Change
-9.35
-7.03
-8.45
-12.00
-8.45
-3.15
-3.10
Latest data Reformulated as an indicator of PMI (The 100% of the firms reporting increase minus the 50% of
reporting unchange)
Own estimate

Suggested Reading: Using the Purchasing Managers Index pdf, 14 pages