Texas Manufacturing Outlook Survey: Capital expenditures: Current (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 capital expenditures (share of CEOs seeing a recent increase minus share reporting a decrease) was 11.1 in September 2026, versus 10.2 in August 2026.
Sample. This monthly series has a total of 267 observations. The series covers the time span stretching from June 2004 to September 2026.
History. Here are some descriptive statistics we calculated on the whole sample: the diffusion index hit a peak of 33.8 in August 2004; it hit a minimum of -53.1 in April 2020; it had a mean of 6.6.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 9.50000 |
| 2026-08-31 | 10.2000 |
| 2026-09-30 | 11.1000 |
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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 | 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) |
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