Texas Manufacturing Outlook Survey: Company outlook: Current (improvement vs worsening; 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 company outlook (share of CEOs seeing a recent improvement minus share reporting a worsening) stood at 3.3 in August 2025, compared to 4.7 in July.
Sample. There are 255 observations overall in the monthly series presented in the plot above. The series covers the time period extending from June 2004 to August 2025.
History. Here’s a quick look at some descriptive statistics computed on the whole sample: the diffusion index had a mean value of 4.3; it reached a trough of -66.6 in March 2020; it attained a maximum of 48.0 in June 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | -8.9 |
| 2025-07-31 | 4.7 |
| 2025-08-31 | 3.3 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did the outlook of your company improve or worsen 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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