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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally unadjusted diffusion index for the growth rate of orders (share of CEOs seeing a recent increase minus share reporting a decrease) was -1.2 in August 2025, compared to -16.2 in July.
Sample. This monthly time series has 254 data points. The period covered by the series goes from June 2004 to August 2025.
History. Here's a snapshot of a few simple statistics computed on the whole sample: the diffusion index hit a maximum of 36.8 in April 2021; it recorded a bottom of -58.8 in April 2020; it was equal on average to -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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