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. According to recent survey data about manufacturing firms in Texas, the seasonally adjusted diffusion index for capacity utilization (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 11.8 in February 2026, versus 7.1 in January.
Sample. In this monthly time series, there are 261 data points. The series covers the time period extending from June 2004 to February 2026.
History. Here are some descriptive statistics we calculated on the full sample: the diffusion index had an average value of 7.4; it recorded a maximum of 46.6 in March 2021; it reached its minimum of -57.6 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | -4.6 |
| 2026-01-31 | 7.1 |
| 2026-02-28 | 11.8 |
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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) |
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