Texas Manufacturing Outlook Survey: Capital expenditures: Current (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 recent survey data about manufacturing firms in Texas, the seasonally adjusted diffusion index for capital expenditures (share of CEOs seeing a recent increase minus share reporting a decrease) was 9.8 in November 2025, compared to 4.8 in October.
Sample. In the monthly time series shown in the chart, there are 258 data points overall. The time period covered by the series is from June 2004 to November 2025.
History. Have a look at a few simple statistics we calculated on the entire sample: the diffusion index was equal on average to 6.6; it hit a minimum of -55.6 in April 2020; it hit a maximum of 32.9 in June 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | 13.3 |
| 2025-10-31 | 4.8 |
| 2025-11-30 | 9.8 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did capital expenditures increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident 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) |
Series in the same data set
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