Texas Manufacturing Outlook Survey: Capacity utilization: Future (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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally adjusted diffusion index for capacity utilization (share of CEOs seeing a future increase minus share reporting a decrease) stood at 38.8 in September 2026, compared to 38.6 in the previous month.
Sample. The monthly time series presented in the figure has 268 observations in total. The time range covered by the series stretches from June 2004 to September 2026.
History. Here’s a quick look at some descriptive statistics computed on the full sample: the diffusion index reached a minimum of -16.3 in March 2020; it peaked at 69.7 in September 2004; it had a mean value of 32.8.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 29.7000 |
| 2026-08-31 | 38.6000 |
| 2026-09-30 | 38.8000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will capacity utilization increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading 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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