Texas Manufacturing Outlook Survey: Capacity utilization: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 recent survey data about manufacturing firms in Texas, the seasonally unadjusted diffusion index for capacity utilization (share of CEOs seeing a future increase minus share reporting a decrease) was 13.3 in October 2025, versus 19.4 in September.
Sample. There are 256 data points overall in the monthly time series presented in the chart above. The series covers the span of time extending from June 2004 to October 2025.
History. Here's a snapshot of a few simple statistics we computed on the full sample: the diffusion index had a mean value of 32.7; it reached its highest level of 65.7 in September 2004; it registered a minimum of -12.8 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 32.9 |
| 2025-09-30 | 19.4 |
| 2025-10-31 | 13.3 |
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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 | No |
| 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) |