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. According to recent survey data about manufacturing firms in Texas, the seasonally adjusted diffusion index for general business activity (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 20.8 in September 2026, versus 37.2 in the previous month.
Sample. This monthly time series has 268 records overall. The time range covered by the series stretches from June 2004 to September 2026.
History. Take a look at a few simple statistics calculated on the full sample: the diffusion index reached a maximum of 54.1 in August 2004; it recorded a bottom of -48.1 in November 2008; it had a mean value of 12.5.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 26.5000 |
| 2026-08-31 | 37.2000 |
| 2026-09-30 | 20.8000 |
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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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