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 based in Texas, the seasonally unadjusted diffusion index for capacity utilization (share of CEOs seeing a future increase minus share reporting a decrease) was 32.9 in August 2025, versus 20.0 in July.
Sample. There are 254 observations overall in the monthly time series shown in the chart above. The span of time covered by the series extends from June 2004 to August 2025.
History. Take a look at some simple statistics computed on the whole sample: the diffusion index had an average value of 32.9; it reached a minimum of -12.8 in April 2020; it reached its highest level of 65.7 in September 2004.
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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