Texas Manufacturing Outlook Survey: Wages and benefits: Future (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 future increase minus share reporting a decrease) was 42.1 in August 2025, versus 37.2 in July.
Sample. This monthly time series has 255 records overall. The time range covered by the series is from June 2004 to August 2025.
History. Here's a peek at some summary statistics we calculated on the entire sample: the diffusion index reached its lowest level of 0.0 in April 2020; it attained a maximum of 74.0 in February 2022; it had an average value of 39.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 32.1 |
| 2025-07-31 | 37.2 |
| 2025-08-31 | 42.1 |
Tip. We categorize series into data sets and worksheets to simplify complex analyses. When you navigate further down, you will find how we arranged further material linked to the statistics published here.
Not for investment purposes. Data and any other information disseminated on FetchSeries are not not supposed to be used for investment purposes or as a basis for making financial decisions. Users should obtain professional advice and perform their own independent due diligence before making any financial commitments.
Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will wages and benefits 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 | 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.