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 recent survey data about manufacturing firms in Texas, the seasonally adjusted diffusion index for wages and benefits (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 27.4 in September 2026, compared to 21.1 in August.
Sample. In this monthly series, there are 268 data points in total. The time period covered by the series stretches from June 2004 to September 2026.
History. Take a look at a few simple statistics computed on the whole sample: the diffusion index hit a maximum of 55.1 in March 2022; it registered a minimum of -9.0 in March 2009; it averaged 21.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 30.8000 |
| 2026-08-31 | 21.1000 |
| 2026-09-30 | 27.4000 |
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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) |
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