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 recent survey data about manufacturing firms 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, compared to 18.8 in July 2025.
Sample. This monthly time series has 255 observations in total. The series covers the time span going from June 2004 to August 2025.
History. Take a look at some simple statistics calculated on the entire sample: the diffusion index averaged 24.8; it achieved a maximum of 55.5 in September 2004; it hit a minimum of -21.6 in March 2020.
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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