Texas Manufacturing Outlook Survey: Capacity utilization: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly
This series is part of the dataset: Texas Manufacturing Outlook Survey (Dallas FED)
Download Full Dataset (.xlsx)Latest updates. Based on a sample of manufacturing firms surveyd by the FED, the seasonally adjusted diffusion index for capacity utilization (share of CEOs seeing a recent increase minus share reporting a decrease) was -1.1 in October 2025, compared to 3.9 in September.
Sample. In this monthly time series, there are 257 records in total. The series covers the time span going from June 2004 to October 2025.
History. Check out some statistics calculated on the full sample: the diffusion index had a mean of 7.4; it reached its lowest level of -58.3 in April 2020; it hit a peak of 46.3 in March 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 13.7 |
| 2025-09-30 | 3.9 |
| 2025-10-31 | -1.1 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did capacity utilization 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) |