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Texas Manufacturing Outlook Survey: Inventories: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly

Latest updates. According to survey data about manufacturers collected by the Federal Reserve in Texas, the seasonally adjusted diffusion index for inventories (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 3.8 in August 2025, compared to -11.2 in the previous month.

Sample. In this monthly time series, there are 255 records overall. The series covers the time span stretching from June 2004 to August 2025.

History. Check out some descriptive statistics we computed on the full sample: the diffusion index reached a minimum of -29.7 in July 2009; it recorded a maximum of 21.6 in October 2006; it had a mean of -3.2.

Latest values

Date Value - Percentage points
2025-06-30 -11.3
2025-07-31 -11.2
2025-08-31 3.8

Tip. To simplify research, we group indicators into data sets and worksheets. If you navigate further down, you will discover how we structured further information linked to the statistics found here.

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Series Metadata

Field Value
Description Diffusion index for the question: Did finished goods inventories 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)

Series in the same data set

Discover the other time series included in this data set.

Current conditions SA

Series Name Observations Start Date End Date
Texas Manufacturing Outlook Survey: General business activity: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: New orders: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Shipments: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Unfilled orders: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Delivery times: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Inventories: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Prices paid: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Prices received: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Number of employees: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Average employee workweek: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Capital expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Production: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Capacity utilization: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Growth rate of orders: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Wages and benefits: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Company outlook: Current (improvement vs worsening; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Uncertainty about the outlook: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 92 2018-01-31 2025-08-31

Future conditions SA

Series Name Observations Start Date End Date
Texas Manufacturing Outlook Survey: General business activity: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: New orders: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Shipments: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Unfilled orders: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Delivery times: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Inventories: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Prices paid: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Prices received: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Number of employees: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Average employee workweek: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Capital expenditures: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Production: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Capacity utilization: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Growth rate of orders: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Wages and benefits: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Company outlook: Future (improvement vs worsening; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly 255 2004-06-30 2025-08-31

Current conditions NSA

Series Name Observations Start Date End Date
Texas Manufacturing Outlook Survey: General business activity: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: New orders: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Shipments: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Unfilled orders: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Delivery times: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Inventories: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Prices paid: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Prices received: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Number of employees: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Average employee workweek: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Capital expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Production: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Capacity utilization: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Growth rate of orders: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Wages and benefits: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Company outlook: Current (improvement vs worsening; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Uncertainty about the outlook: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 92 2018-01-31 2025-08-31

Future conditions NSA

Series Name Observations Start Date End Date
Texas Manufacturing Outlook Survey: General business activity: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: New orders: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Shipments: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Unfilled orders: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Delivery times: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Inventories: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Prices paid: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Prices received: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Number of employees: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Average employee workweek: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Capital expenditures: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Production: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Capacity utilization: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Growth rate of orders: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Wages and benefits: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31
Texas Manufacturing Outlook Survey: Company outlook: Future (improvement vs worsening; diffusion index; percentage points; seasonally unadjusted) - United States - Dallas FED - Monthly 254 2004-06-30 2025-08-31