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 a sample of manufacturing firms surveyd by the FED, the seasonally unadjusted diffusion index for capacity utilization (share of CEOs seeing a future increase minus share reporting a decrease) was 26.8 in May 2026, compared to 39.4 in April.
Sample. There are 263 data points overall in the monthly time series displayed in the plot above. The span of time covered by the series extends from June 2004 to May 2026.
History. Here's a glimpse of some descriptive statistics computed on the entire sample: the diffusion index recorded its highest level of 65.7 in September 2004; it reached its lowest level of -12.8 in April 2020; it was equal on average to 32.8.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-31 | 30.6 |
| 2026-04-30 | 39.4 |
| 2026-05-31 | 26.8 |
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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) |
Series in the same data set
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