Texas Manufacturing Outlook Survey: General business activity: Future (increase vs decrease; 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 general business activity (share of CEOs seeing a future increase minus share forecasting a decrease) was 24.8 in August 2025, compared to 19.0 in the previous month.
Sample. In this monthly series, there are 255 records in total. The series covers the time span stretching from June 2004 to August 2025.
History. Here's a snapshot of a few summary statistics calculated on the full sample: the diffusion index had an average value of 12.4; it registered a minimum of -47.6 in November 2008; it attained a maximum of 55.1 in August 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 14.4 |
| 2025-07-31 | 19.0 |
| 2025-08-31 | 24.8 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will general business activity increase or decrease 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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