Texas Manufacturing Outlook Survey: Unfilled orders: 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 unfilled orders (share of CEOs seeing a future increase minus share forecasting a decrease) was 6.6 in August 2025, compared to -6.7 in July.
Sample. There are 254 records overall in the monthly time series shown in the figure above. The series covers the time span going from June 2004 to August 2025.
History. Take a look at some descriptive statistics we computed on the full sample: the diffusion index hit a peak of 22.8 in February 2018; it reached a minimum of -24.7 in June 2022; it had a mean of 2.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | -10.4 |
| 2025-07-31 | -6.7 |
| 2025-08-31 | 6.6 |
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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 | 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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