Texas Manufacturing Outlook Survey: Capacity utilization: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 survey data about manufacturers collected by the Federal Reserve in Texas, the seasonally unadjusted diffusion index for capacity utilization (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 14.9 in August 2025, compared to 9.9 in July 2025.
Sample. In the monthly time series displayed in the chart, there are 254 data points. The time period covered by the series extends from June 2004 to August 2025.
History. Take a look at a few summary statistics computed on the full sample: the diffusion index recorded a minimum of -51.8 in April 2020; it achieved a maximum of 57.2 in March 2021; it was equal on average to 7.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 1.2 |
| 2025-07-31 | 9.9 |
| 2025-08-31 | 14.9 |
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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 | No |
| 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) |
Series in the same data set
Discover the other time series included in this data set.