Texas Service Sector Outlook Survey: Capital expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly
This series is part of the dataset: Texas Service Sector Outlook Survey (Dallas FED)
Download Full Dataset (.xlsx)Latest updates. According to survey data about service-sector firms collected by the Federal Reserve in Texas, the seasonally adjusted diffusion index for capital expenditures (share of CEOs seeing a recent increase minus share reporting a decrease) was 10.5 in September 2026, compared to 6.0 in August 2026.
Sample. The monthly series shown in the graph has 237 records in total. The period covered by the series extends from January 2007 to September 2026.
History. Take a look at a few summary statistics computed on the whole sample: the diffusion index was equal on average to 9.7; it reached its highest level of 25.5 in May 2007; it hit a trough of -47.3 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 11.5000 |
| 2026-08-31 | 6.00000 |
| 2026-09-30 | 10.5000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did capital expenditures 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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