Texas Manufacturing Outlook Survey: Inventories: 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. According to survey data about manufacturers collected by the Federal Reserve in Texas, the seasonally unadjusted diffusion index for inventories (share of CEOs seeing a recent increase minus share reporting a decrease) was -9.5 in September 2026, versus 2.9 in August.
Sample. There are 267 data points overall in the monthly series displayed in the figure above. The period covered by the series stretches from June 2004 to September 2026.
History. Take a look at a few descriptive statistics we computed on the whole sample: the diffusion index averaged -3.3; it reached its lowest level of -29.7 in July 2009; it attained a maximum of 21.6 in October 2006.
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 | 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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