Texas Manufacturing Outlook Survey: Growth rate of orders: Current (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 survey data about manufacturers based in Texas, the seasonally adjusted diffusion index for the growth rate of orders (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 2.6 in August 2025, versus -9.1 in July.
Sample. There are 255 records in the monthly series presented in the plot above. The period covered by the series is from June 2004 to August 2025.
History. Check out a few simple statistics we calculated on the whole sample: the diffusion index had a mean value of -1.1; it reached its minimum of -65.1 in April 2020; it reached its highest level of 29.6 in April 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | -17.2 |
| 2025-07-31 | -9.1 |
| 2025-08-31 | 2.6 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did the growth rate of orders increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident 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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