Texas Manufacturing Outlook Survey: New orders: 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. 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 future increase minus share forecasting a decrease) was 36.0 in August 2025, compared to 23.7 in the previous month.
Sample. In this monthly time series, there are a total of 255 observations. The series covers the time range going from June 2004 to August 2025.
History. Check out some summary statistics we calculated on the entire sample: the diffusion index reached its minimum of -21.2 in March 2020; it attained a maximum of 68.6 in November 2004; it averaged 33.5.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 22.8 |
| 2025-07-31 | 23.7 |
| 2025-08-31 | 36.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will new orders 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
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