Texas Manufacturing Outlook Survey: Number of employees: 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 the number of employees (share of CEOs seeing a future increase minus share forecasting a decrease) was 15.8 in September 2026, compared to 30.3 in August 2026.
Sample. There are 267 records in the monthly time series displayed in the plot above. The series covers the time span stretching from June 2004 to September 2026.
History. Check out some simple statistics computed on the entire sample: the diffusion index reached its highest level of 55.7 in January 2022; it recorded a minimum of -24.3 in January 2009; it had a mean value of 22.6.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 16.4000 |
| 2026-08-31 | 30.3000 |
| 2026-09-30 | 15.8000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will the number of employees 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) |
Series in the same data set
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