Texas Manufacturing Outlook Survey: Capacity utilization: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly
This series is part of the dataset: Texas Manufacturing Outlook Survey (Dallas FED)
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about manufacturing firms in Texas, the seasonally adjusted diffusion index for capacity utilization (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 13.7 in August 2025, compared to 17.3 in the previous month.
Sample. There are 255 observations overall in the monthly time series presented in the graph above. The time period covered by the series stretches from June 2004 to August 2025.
History. Have a look at a few simple statistics calculated on the full sample: the diffusion index registered a minimum of -58.3 in April 2020; it attained a maximum of 46.3 in March 2021; it had a mean of 7.5.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | -1.0 |
| 2025-07-31 | 17.3 |
| 2025-08-31 | 13.7 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did capacity utilization increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | Yes |
| Rescaling | None |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of Dallas |
| Source type | Central bank |
| Data licence | Not copyrightable under U.S. law |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
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