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 based in Texas, the seasonally adjusted diffusion index for capacity utilization (share of CEOs seeing a future increase minus share reporting a decrease) was 37.4 in April 2026, versus 27.0 in the previous month.
Sample. There are 263 data points overall in the monthly time series presented in the chart above. The series covers the time period going from June 2004 to April 2026.
History. Have a look at a few descriptive statistics we calculated on the full sample: the diffusion index attained a maximum of 69.7 in September 2004; it reached a trough of -16.3 in March 2020; it had a mean of 32.8.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-28 | 27.3 |
| 2026-03-31 | 27.0 |
| 2026-04-30 | 37.4 |
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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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