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. According to survey data about manufacturers collected by the Federal Reserve in Texas, 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. This monthly time series has 254 observations in total. The series covers the time span stretching from June 2004 to August 2025.
History. Have a look at a few descriptive statistics we computed on the whole sample: the diffusion index hit a trough of -38.6 in April 2020; it recorded a maximum of 62.8 in November 2004; it averaged 18.2.
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
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