Texas Manufacturing Outlook Survey: Unfilled 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. According to recent survey data about manufacturing firms in Texas, the seasonally adjusted diffusion index for unfilled orders (share of CEOs seeing a future increase minus share forecasting a decrease) was 11.6 in August 2025, versus -4.2 in July.
Sample. There are 255 records in the monthly series shown in the figure above. The series covers the period going from June 2004 to August 2025.
History. Take a look at some descriptive statistics computed on the full sample: the diffusion index averaged 2.8; it recorded a maximum of 23.8 in June 2018; it reached a trough of -21.9 in March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | -6.9 |
| 2025-07-31 | -4.2 |
| 2025-08-31 | 11.6 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will unfilled 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) |
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