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. Based on a sample of manufacturing firms surveyd by the FED, 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, compared to -4.2 in the previous month.
Sample. This monthly series has 255 data points overall. The period covered by the series goes from June 2004 to August 2025.
History. Here's a snapshot of a few summary statistics we calculated on the full sample: the diffusion index recorded its highest level of 23.8 in June 2018; it recorded a minimum of -21.9 in March 2020; it had an average value of 2.8.
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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