Texas Manufacturing Outlook Survey: Growth rate of orders: Future (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 future increase minus share reporting a decrease) was 28.4 in August 2025, versus 18.8 in July 2025.
Sample. The monthly series plotted above has 255 data points. The series covers the span of time stretching from June 2004 to August 2025.
History. Check out a few statistics computed on the entire sample: the diffusion index reached its highest level of 55.5 in September 2004; it reached its lowest level of -21.6 in March 2020; it had a mean value of 24.8.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 15.3 |
| 2025-07-31 | 18.8 |
| 2025-08-31 | 28.4 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will the growth rate of orders 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 | 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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