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 recent survey data about manufacturing firms in Texas, the seasonally unadjusted diffusion index for inventories (share of CEOs seeing a recent increase minus share reporting a decrease) was 3.8 in August 2025, versus -11.2 in the previous month.
Sample. The monthly time series presented in the plot has a total of 254 data points. The time span covered by the series goes from June 2004 to August 2025.
History. Here's a snapshot of a few statistics we computed on the whole sample: the diffusion index achieved a maximum of 21.6 in October 2006; it reached a trough of -29.7 in July 2009; it had an average value of -3.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | -11.3 |
| 2025-07-31 | -11.2 |
| 2025-08-31 | 3.8 |
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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) |
Series in the same data set
Discover the other time series included in this data set.