Texas Manufacturing Outlook Survey: Inventories: Future (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 based in Texas, the seasonally unadjusted diffusion index for inventories (share of CEOs seeing a future increase minus share forecasting a decrease) was 1.8 in September 2026, versus -1.6 in August 2026.
Sample. This monthly time series has 267 observations overall. The period covered by the series is from June 2004 to September 2026.
History. Here's a peek at a few simple statistics computed on the whole sample: the diffusion index recorded a maximum of 24.5 in June 2021; it reached a minimum of -25.8 in October 2008; it had an average value of -0.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | -1.70000 |
| 2026-08-31 | -1.60000 |
| 2026-09-30 | 1.80000 |
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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 | 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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