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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally adjusted diffusion index for company outlook (share of CEOs seeing a future improvement minus share reporting a worsening) was 31.5 in September 2026, versus 35.3 in August.
Sample. There are 268 data points in the monthly time series displayed in the plot above. The series covers the time period going from June 2004 to September 2026.
History. Here's a snapshot of some descriptive statistics calculated on the whole sample: the diffusion index was equal on average to 18.4; it peaked at 60.4 in November 2004; it reached a minimum of -41.2 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 28.7000 |
| 2026-08-31 | 35.3000 |
| 2026-09-30 | 31.5000 |
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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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