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) stood at 15.4 in August 2025, versus 13.2 in July 2025.
Sample. There are 255 records in the monthly time series displayed in the chart above. The series covers the time span extending from June 2004 to August 2025.
History. Here's a glimpse of some simple statistics calculated on the entire sample: the diffusion index reached a maximum of 55.0 in March 2022; it recorded a bottom of -9.2 in March 2009; it had a mean value of 21.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 13.4 |
| 2025-07-31 | 13.2 |
| 2025-08-31 | 15.4 |
Heads-up. Our metadata often contain links to the original sources of the data series we publish. You can use these links to find additional information.
Not for investment purposes. Time series and other data made available on this web site are not not supposed to be used for investment purposes or as a basis for making financial decisions. Users should ask for professional advice and do independent analysis before pledging money to any investment.
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
Discover the other time series included in this data set.