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 25.1 in January 2026, compared to 28.0 in December 2025.
Sample. In this monthly series, there are 260 records. The period covered by the series is from June 2004 to January 2026.
History. Here's a peek at a few descriptive statistics calculated on the whole sample: the diffusion index hit a trough of -16.3 in March 2020; it recorded its highest level of 69.7 in September 2004; it had a mean of 32.8.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 33.2 |
| 2025-12-31 | 28.0 |
| 2026-01-31 | 25.1 |
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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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