Texas Manufacturing Outlook Survey: Company outlook: Future (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 survey data about manufacturers based in Texas, the seasonally adjusted diffusion index for company outlook (share of CEOs seeing a future improvement minus share reporting a worsening) was 26.8 in August 2025, versus 21.6 in July.
Sample. In this monthly series, there are a total of 255 observations. The time period covered by the series is from June 2004 to August 2025.
History. Have a look at some summary statistics we computed on the entire sample: the diffusion index had a mean value of 18.3; it hit a minimum of -41.8 in April 2020; it hit a peak of 60.2 in November 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 16.4 |
| 2025-07-31 | 21.6 |
| 2025-08-31 | 26.8 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will the outlook of your company improve or worsen 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 | 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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