Texas Manufacturing Outlook Survey: Capacity utilization: Future (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 future increase minus share reporting a decrease) stood at 32.9 in August 2025, compared to 20.0 in July 2025.
Sample. There are 254 records in the monthly time series presented in the chart above. The series covers the time period extending from June 2004 to August 2025.
History. Check out some simple statistics calculated on the full sample: the diffusion index recorded a minimum of -12.8 in April 2020; it achieved a maximum of 65.7 in September 2004; it was equal on average to 32.9.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 13.0 |
| 2025-07-31 | 20.0 |
| 2025-08-31 | 32.9 |
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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 | 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
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