Texas Manufacturing Outlook Survey: New orders: Current (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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally adjusted diffusion index for new orders (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 5.8 in August 2025, compared to -3.6 in the previous month.
Sample. The monthly time series presented in the chart has 255 records. The series covers the period extending from June 2004 to August 2025.
History. Here's a peek at a few simple statistics we computed on the whole sample: the diffusion index reached its maximum of 38.6 in April 2021; it registered a minimum of -71.1 in April 2020; it had an average value of 4.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | -7.3 |
| 2025-07-31 | -3.6 |
| 2025-08-31 | 5.8 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did new orders 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 | 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) |
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