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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally unadjusted diffusion index for capacity utilization (share of CEOs seeing a future increase minus share reporting a decrease) stood at 22.9 in July 2026, compared to 27.4 in June.
Sample. There are 265 data points in the monthly time series presented in the figure above. The time span covered by the series stretches from June 2004 to July 2026.
History. Take a look at some statistics computed on the whole sample: the diffusion index hit a maximum of 65.7 in September 2004; it reached its minimum of -12.8 in April 2020; it averaged 32.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-31 | 26.8 |
| 2026-06-30 | 27.4 |
| 2026-07-31 | 22.9 |
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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) |
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