Texas Manufacturing Outlook Survey: Capital expenditures: 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 survey data about manufacturers based in Texas, the seasonally adjusted diffusion index for capital expenditures (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 14.6 in August 2025, compared to 6.8 in July.
Sample. There are 255 records overall in the monthly series displayed in the plot above. The period covered by the series is from June 2004 to August 2025.
History. Here's a peek at some simple statistics computed on the entire sample: the diffusion index hit a minimum of -55.6 in April 2020; it hit a peak of 32.9 in June 2004; it averaged 6.6.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 10.9 |
| 2025-07-31 | 6.8 |
| 2025-08-31 | 14.6 |
Hint. One of the pros of our web site is that we publish rich metadata. Find it below to delve deeper into the properties of the series that you use in your work.
Not for investment purposes. Any financial data available on FetchSeries are not meant for investment purposes or as a basis for financial-decision making. Users should seek professional advice and perform their own independent due diligence before taking any financial risk.
Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did capital expenditures 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) |
Series in the same data set
Discover the other time series included in this data set.