Texas Manufacturing Outlook Survey: Wages and benefits: Current (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 collected by the Federal Reserve in Texas, the seasonally unadjusted diffusion index for wages and benefits (share of CEOs seeing a recent increase minus share reporting a decrease) was 25.4 in September 2026, compared to 20.3 in the previous month.
Sample. There are 267 records in the monthly series displayed in the graph above. The series covers the time range going from June 2004 to September 2026.
History. Here's a snapshot of some statistics we calculated on the entire sample: the diffusion index reached its minimum of -7.8 in March 2009; it reached its highest level of 56.8 in March 2022; it averaged 21.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 33.3000 |
| 2026-08-31 | 20.3000 |
| 2026-09-30 | 25.4000 |
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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 | 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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