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 12.0 in May 2026, compared to 27.3 in the previous month.
Sample. In the monthly series shown in the plot, there are a total of 263 records. The series covers the span of time extending from June 2004 to May 2026.
History. Check out a few descriptive statistics calculated on the full sample: the diffusion index reached a minimum of -51.8 in April 2020; it achieved a maximum of 57.2 in March 2021; it had a mean value of 7.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-31 | 17.7 |
| 2026-04-30 | 27.3 |
| 2026-05-31 | 12.0 |
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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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