Texas Manufacturing Outlook Survey: Production: 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 production (share of CEOs seeing a recent increase minus share reporting a decrease) was 15.3 in August 2025, compared to 21.3 in July.
Sample. The monthly series presented in the figure has 255 observations overall. The time range covered by the series is from June 2004 to August 2025.
History. Here’s a quick look at a few descriptive statistics we computed on the whole sample: the diffusion index averaged 9.6; it recorded a minimum of -55.5 in April 2020; it recorded its maximum of 48.6 in March 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 1.3 |
| 2025-07-31 | 21.3 |
| 2025-08-31 | 15.3 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did production 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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