Texas Manufacturing Outlook Survey: Company outlook: Future (improvement vs worsening; 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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally unadjusted diffusion index for company outlook (share of CEOs seeing a future improvement minus share reporting a worsening) was 21.1 in August 2025, compared to 15.8 in July 2025.
Sample. There are 254 data points overall in the monthly time series shown in the graph above. The time range covered by the series is from June 2004 to August 2025.
History. Here’s a quick look at a few summary statistics we calculated on the entire sample: the diffusion index had a mean value of 18.2; it recorded a maximum of 62.8 in November 2004; it reached a minimum of -38.6 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 13.3 |
| 2025-07-31 | 15.8 |
| 2025-08-31 | 21.1 |
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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 | 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) |
Series in the same data set
Discover the other time series included in this data set.