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) was 7.1 in January 2026, versus -4.6 in December 2025.
Sample. This monthly time series has 260 observations. The series covers the time period extending from June 2004 to January 2026.
History. Take a look at some descriptive statistics we computed on the whole sample: the diffusion index had a mean value of 7.4; it hit a maximum of 46.6 in March 2021; it reached a minimum of -57.6 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 19.3 |
| 2025-12-31 | -4.6 |
| 2026-01-31 | 7.1 |
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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) |
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