Texas Service Sector Outlook Survey: Capital expenditures: Future (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 recent survey data about service-sector firms in Texas, the seasonally adjusted diffusion index for capital expenditures (share of CEOs seeing a future increase minus share forecasting a decrease) was 21.1 in September 2026, compared to 20.4 in August.
Sample. In this monthly time series, there are 237 records overall. The time range covered by the series stretches from January 2007 to September 2026.
History. Here are some descriptive statistics calculated on the entire sample: the diffusion index reached its minimum of -27.5 in April 2020; it hit a peak of 48.4 in February 2007; it had a mean value of 22.3.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 23.9000 |
| 2026-08-31 | 20.4000 |
| 2026-09-30 | 21.1000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will capital expenditures 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) |
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