Texas Manufacturing Outlook Survey: Inventories: Future (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. According to survey data about manufacturers based in Texas, the seasonally adjusted diffusion index for inventories (share of CEOs seeing a future increase minus share forecasting a decrease) was -1.3 in August 2025, versus -5.4 in the previous month.
Sample. There are 255 records overall in the monthly time series presented in the chart above. The time period covered by the series stretches from June 2004 to August 2025.
History. Check out some descriptive statistics calculated on the entire sample: the diffusion index recorded its maximum of 24.5 in June 2021; it recorded a bottom of -25.8 in October 2008; it had a mean value of -0.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | -2.6 |
| 2025-07-31 | -5.4 |
| 2025-08-31 | -1.3 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will finished goods inventories increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading 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.