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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally adjusted diffusion index for capital expenditures (share of CEOs seeing a recent increase minus share reporting a decrease) was 4.8 in October 2025, versus 13.3 in September.
Sample. In this monthly series, there are 257 observations overall. The series covers the time period extending from June 2004 to October 2025.
History. Here's a glimpse of some statistics computed on the full sample: the diffusion index reached a maximum of 32.9 in June 2004; it reached a trough of -55.6 in April 2020; it averaged 6.6.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 14.6 |
| 2025-09-30 | 13.3 |
| 2025-10-31 | 4.8 |
Suggestion. Our metadata often comprise references to the sources of the data we provide. You can use these references to discover more details.
Not for investment purposes. Data released on FetchSeries are not suitable for investment purposes or other financial decisions. Users should obtain expert advice and do independent analysis before making any financial commitments.
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) |