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 recent survey data about manufacturing firms in Texas, the seasonally adjusted diffusion index for capital expenditures (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 8.5 in September 2026, compared to 8.2 in August 2026.
Sample. There are 268 observations in the monthly time series presented in the chart above. The series covers the span of time extending from June 2004 to September 2026.
History. Take a look at a few statistics we computed on the entire sample: the diffusion index reached its highest level of 32.6 in June 2004; it hit a minimum of -54.9 in April 2020; it had a mean value of 6.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 12.2000 |
| 2026-08-31 | 8.20000 |
| 2026-09-30 | 8.50000 |
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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) |
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