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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally unadjusted diffusion index for capacity utilization (share of CEOs seeing a recent increase minus share reporting a decrease) was 9.7 in January 2026, compared to -16.2 in December 2025.
Sample. There are 259 data points in the monthly series shown in the graph above. The series covers the time period extending from June 2004 to January 2026.
History. Here’s a quick look at a few descriptive statistics we calculated on the entire sample: the diffusion index had a mean of 7.2; it reached its highest level of 57.2 in March 2021; it reached a minimum of -51.8 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 13.1 |
| 2025-12-31 | -16.2 |
| 2026-01-31 | 9.7 |
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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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