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 based in Texas, the seasonally unadjusted diffusion index for capacity utilization (share of CEOs seeing a recent increase minus share reporting a decrease) stood at -2.7 in October 2025, compared to 1.4 in September 2025.
Sample. There are 256 records overall in the monthly series displayed in the plot above. The period covered by the series goes from June 2004 to October 2025.
History. Here's a snapshot of some statistics we computed on the full sample: the diffusion index was equal on average to 7.3; it peaked at 57.2 in March 2021; it registered a minimum of -51.8 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 14.9 |
| 2025-09-30 | 1.4 |
| 2025-10-31 | -2.7 |
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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) |