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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally adjusted diffusion index for capacity utilization (share of CEOs seeing a future increase minus share reporting a decrease) stood at 38.6 in August 2026, compared to 29.7 in the previous month.
Sample. The monthly series plotted above has 267 data points overall. The series covers the period going from June 2004 to August 2026.
History. Have a look at a few summary statistics calculated on the whole sample: the diffusion index had a mean of 32.8; it hit a trough of -16.3 in March 2020; it reached its maximum of 69.7 in September 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-30 | 33.8 |
| 2026-07-31 | 29.7 |
| 2026-08-31 | 38.6 |
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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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