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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally unadjusted 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. The monthly time series presented in the plot has 254 data points overall. The series covers the time range going from June 2004 to August 2025.
History. Here's a snapshot of some statistics computed on the full sample: the diffusion index hit a maximum of 21.6 in October 2006; it reached its lowest level of -29.7 in July 2009; it had a mean 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) |
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