Texas Service Sector Outlook Survey: General business activity: Future (increase vs decrease; 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. According to survey data about service-sector firms collected by the Federal Reserve in Texas, the seasonally unadjusted diffusion index for general business activity (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 6.5 in September 2026, compared to 15.4 in August.
Sample. There are 237 data points in the monthly time series shown in the chart above. The series covers the time span stretching from January 2007 to September 2026.
History. Here's a glimpse of some summary statistics computed on the whole sample: the diffusion index had a mean value of 11.8; it recorded a maximum of 52.9 in May 2021; it reached a trough of -55.3 in March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 14.7000 |
| 2026-08-31 | 15.4000 |
| 2026-09-30 | 6.50000 |
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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 | 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.