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 collected by the Federal Reserve in Texas, the seasonally unadjusted diffusion index for general business activity (share of CEOs seeing a future increase minus share forecasting a decrease) was 17.5 in August 2025, compared to 13.4 in the previous month.
Sample. The monthly time series plotted above has 254 observations. The series covers the time period going from June 2004 to August 2025.
History. Have a look at some summary statistics calculated on the entire sample: the diffusion index hit a maximum of 55.2 in December 2004; it recorded a minimum of -47.0 in November 2008; it had a mean of 12.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 10.8 |
| 2025-07-31 | 13.4 |
| 2025-08-31 | 17.5 |
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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
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