Texas Manufacturing Outlook Survey: Capacity utilization: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 unadjusted diffusion index for capacity utilization (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 13.1 in November 2025, compared to -2.7 in October.
Sample. There are 257 data points overall in the monthly series presented in the chart above. The time range covered by the series stretches from June 2004 to November 2025.
History. Take a look at a few descriptive statistics computed on the full sample: the diffusion index averaged 7.3; it recorded a minimum of -51.8 in April 2020; it reached a maximum of 57.2 in March 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | 1.4 |
| 2025-10-31 | -2.7 |
| 2025-11-30 | 13.1 |
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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 | 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) |
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