Texas Service Sector Outlook Survey: Company outlook: Future (improvement vs worsening; diffusion index; percentage points; seasonally unadjusted) - 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. Based on firms' responses to the Texas Service Sector Outlook Survey carried out by the Dallas FED, the seasonally unadjusted diffusion index for company outlook (share of CEOs seeing a future improvement minus share forecasting a worsening) was 8.1 in September 2026, compared to 16.2 in August.
Sample. There are 237 records in the monthly time series displayed in the plot above. The time period covered by the series is from January 2007 to September 2026.
History. Here are a few statistics calculated on the full sample: the diffusion index reached its lowest level of -53.7 in March 2020; it reached its maximum of 45.5 in May 2021; it had a mean of 15.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 18.6000 |
| 2026-08-31 | 16.2000 |
| 2026-09-30 | 8.10000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will the outlook of your company improve or worsen 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
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