Texas Manufacturing Outlook Survey: Capital expenditures: Current (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 capital expenditures (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 8.1 in May 2026, compared to 4.6 in April 2026.
Sample. This monthly time series has a total of 263 records. The series covers the time span stretching from June 2004 to May 2026.
History. Check out a few statistics we calculated on the full sample: the diffusion index was equal on average to 6.6; it reached a trough of -53.1 in April 2020; it hit a maximum of 33.8 in August 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-31 | 6.3 |
| 2026-04-30 | 4.6 |
| 2026-05-31 | 8.1 |
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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 | 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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