Texas Service Sector Outlook Survey: General business activity: 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. Based on a sample of service-sector firms surveyed by the Fed, the seasonally adjusted diffusion index for general business activity (share of CEOs seeing a future increase minus share forecasting a decrease) was 10.7 in September 2026, versus 18.6 in August 2026.
Sample. There are 237 data points overall in the monthly series displayed in the figure above. The series covers the time period extending from January 2007 to September 2026.
History. Check out some simple statistics we computed on the full sample: the diffusion index had a mean of 11.8; it recorded its highest level of 51.1 in May 2021; it hit a trough of -58.1 in March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 16.8000 |
| 2026-08-31 | 18.6000 |
| 2026-09-30 | 10.7000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will general business activity 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
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