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 survey data about manufacturers collected by the Federal Reserve in Texas, the seasonally adjusted diffusion index for capacity utilization (share of CEOs seeing a recent increase minus share reporting a decrease) was 19.4 in November 2025, compared to -1.1 in October.
Sample. There are 258 observations in the monthly series displayed in the figure above. The series covers the time period stretching from June 2004 to November 2025.
History. Here's a glimpse of a few descriptive statistics computed on the whole sample: the diffusion index hit a trough of -58.3 in April 2020; it reached its maximum of 46.3 in March 2021; it had an average value of 7.5.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | 3.9 |
| 2025-10-31 | -1.1 |
| 2025-11-30 | 19.4 |
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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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