Texas Manufacturing Outlook Survey: General business activity: Future (increase vs decrease; 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 based in Texas, the seasonally unadjusted diffusion index for general business activity (share of CEOs seeing a future increase minus share forecasting a decrease) was 15.8 in September 2026, compared to 30.8 in August.
Sample. There are 267 records overall in the monthly series displayed in the chart above. The span of time covered by the series goes from June 2004 to September 2026.
History. Take a look at some simple statistics we computed on the full sample: the diffusion index had an average value of 12.4; it reached its highest level of 55.2 in December 2004; it hit a minimum of -47.0 in November 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 21.3000 |
| 2026-08-31 | 30.8000 |
| 2026-09-30 | 15.8000 |
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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 | 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.