Texas Manufacturing Outlook Survey: Inventories: Current (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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally adjusted diffusion index for inventories (share of CEOs seeing a recent increase minus share reporting a decrease) stood at -9.5 in September 2026, compared to 2.9 in August 2026.
Sample. In this monthly time series, there are 268 data points. The series covers the period extending from June 2004 to September 2026.
History. Here are some statistics we calculated on the entire sample: the diffusion index had a mean value of -3.3; it reached a maximum of 21.6 in October 2006; it reached a trough of -29.7 in July 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 1.50000 |
| 2026-08-31 | 2.90000 |
| 2026-09-30 | -9.50000 |
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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) |
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