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. According to survey data about manufacturers based in Texas, the seasonally unadjusted diffusion index for capital expenditures (share of CEOs seeing a recent increase minus share reporting a decrease) was 8.7 in November 2025, versus 5.6 in October.
Sample. There are 257 observations overall in the monthly series presented in the figure above. The time span covered by the series extends from June 2004 to November 2025.
History. Check out a few statistics computed on the full sample: the diffusion index reached its highest level of 33.8 in August 2004; it hit a minimum of -53.1 in April 2020; it was equal on average to 6.6.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | 15.8 |
| 2025-10-31 | 5.6 |
| 2025-11-30 | 8.7 |
Suggestion. Our metadata often include links to the sources of the data we provide. You can use these links to find more details.
Not for investment purposes. Any financial data hosted on this web site are not intended for investment purposes or as a basis for making financial decisions. Users should ask for 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 | 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
Discover the other time series included in this data set.