Texas Manufacturing Outlook Survey: Capacity utilization: Future (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 future increase minus share reporting a decrease) stood at 28.5 in May 2026, compared to 37.4 in the previous month.
Sample. In the monthly time series displayed in the chart, there are 264 observations. The series covers the time range stretching from June 2004 to May 2026.
History. Here's a peek at a few statistics computed on the entire sample: the diffusion index reached a minimum of -16.3 in March 2020; it peaked at 69.7 in September 2004; it was equal on average to 32.8.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-31 | 27.0 |
| 2026-04-30 | 37.4 |
| 2026-05-31 | 28.5 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will capacity utilization increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading 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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