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 recent survey data about manufacturing firms in Texas, the seasonally unadjusted diffusion index for capital expenditures (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 0.0 in February 2026, compared to 6.1 in January.
Sample. In the monthly series shown in the chart, there are a total of 260 data points. The time period covered by the series goes from June 2004 to February 2026.
History. Here's a glimpse of some summary statistics computed on the entire sample: the diffusion index had a mean of 6.6; it reached a trough of -53.1 in April 2020; it attained a maximum of 33.8 in August 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | 5.6 |
| 2026-01-31 | 6.1 |
| 2026-02-28 | 0.0 |
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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) |
Series in the same data set
Discover the other time series included in this data set.