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 a sample of manufacturing firms surveyd by the FED, the seasonally adjusted diffusion index for capacity utilization (share of CEOs seeing a future increase minus share reporting a decrease) was 17.5 in October 2025, versus 23.8 in September.
Sample. There are 257 records in the monthly series shown in the plot above. The series covers the span of time stretching from June 2004 to October 2025.
History. Here's a glimpse of a few summary statistics we calculated on the full sample: the diffusion index recorded its maximum of 69.4 in September 2004; it recorded a bottom of -17.0 in March 2020; it averaged 32.9.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 40.4 |
| 2025-09-30 | 23.8 |
| 2025-10-31 | 17.5 |
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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) |