Texas Manufacturing Outlook Survey: Wages and benefits: Future (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 based in Texas, the seasonally unadjusted diffusion index for wages and benefits (share of CEOs seeing a future increase minus share reporting a decrease) was 49.1 in September 2026, versus 43.9 in August.
Sample. In this monthly time series, there are 267 observations in total. The series covers the time span going from June 2004 to September 2026.
History. Here’s a quick look at some statistics we calculated on the whole sample: the diffusion index was equal on average to 39.1; it hit a trough of -2.8 in April 2020; it reached its highest level of 73.6 in February 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 36.1000 |
| 2026-08-31 | 43.9000 |
| 2026-09-30 | 49.1000 |
Suggestion. To simplify exploration, we organize time series into data sets and worksheets. When you look below, you will discover how we structured further information linked to the statistics found here.
Not for investment purposes. Time series and other data found on this web site are not meant for investment purposes or other financial decisions. Users should seek expert 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 | 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) |
Series in the same data set
Discover the other time series included in this data set.