Texas Manufacturing Outlook Survey: Production: Current (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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally unadjusted diffusion index for production (share of CEOs seeing a recent increase minus share reporting a decrease) was 16.0 in August 2025, compared to 12.3 in the previous month.
Sample. In this monthly series, there are 254 observations. The time range covered by the series goes from June 2004 to August 2025.
History. Here’s a quick look at a few descriptive statistics we calculated on the full sample: the diffusion index hit a maximum of 61.8 in March 2021; it hit a trough of -49.1 in April 2020; it had a mean value of 9.5.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 5.1 |
| 2025-07-31 | 12.3 |
| 2025-08-31 | 16.0 |
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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 | 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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