Texas Manufacturing Outlook Survey: Growth rate of orders: Current (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 the growth rate of orders (share of CEOs seeing a recent increase minus share reporting a decrease) stood at -1.2 in August 2025, versus -16.2 in July 2025.
Sample. There are 254 data points overall in the monthly series displayed in the chart above. The series covers the time range extending from June 2004 to August 2025.
History. Here’s a quick look at a few summary statistics we computed on the whole sample: the diffusion index reached its lowest level of -58.8 in April 2020; it achieved a maximum of 36.8 in April 2021; it had a mean of -1.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | -16.2 |
| 2025-07-31 | -16.2 |
| 2025-08-31 | -1.2 |
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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 | 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) |
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