Texas Manufacturing Outlook Survey: Wages and benefits: 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. According to survey data about manufacturers based in Texas, the seasonally adjusted diffusion index for wages and benefits (share of CEOs seeing a recent increase minus share reporting a decrease) was 15.4 in August 2025, compared to 13.2 in July.
Sample. There are 255 data points overall in the monthly series displayed in the figure above. The series covers the span of time stretching from June 2004 to August 2025.
History. Take a look at a few descriptive statistics we computed on the full sample: the diffusion index averaged 21.0; it recorded a maximum of 55.0 in March 2022; it reached its lowest level of -9.2 in March 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 13.4 |
| 2025-07-31 | 13.2 |
| 2025-08-31 | 15.4 |
Tip. To simplify complex analyses, we group indicators into data sets and worksheets. By moving down the page, you will discover how we arranged further information linked to the statistics provided here.
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did wages and benefits 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) |
Series in the same data set
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