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) was 10.2 in August 2026, compared to 9.5 in July.
Sample. In this monthly time series, there are a total of 266 data points. The time range covered by the series extends from June 2004 to August 2026.
History. Take a look at a few simple statistics we computed on the full sample: the diffusion index averaged 6.6; it reached a maximum of 33.8 in August 2004; it reached a minimum of -53.1 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-30 | 12.5 |
| 2026-07-31 | 9.5 |
| 2026-08-31 | 10.2 |
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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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