Texas Manufacturing Outlook Survey: Capital expenditures: Future (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. According to survey data about manufacturers based in Texas, the seasonally adjusted diffusion index for capital expenditures (share of CEOs seeing a future increase minus share forecasting a decrease) was 25.9 in August 2026, as in the previous month.
Sample. There are 267 data points overall in the monthly time series presented in the figure above. The period covered by the series is from June 2004 to August 2026.
History. Here’s a quick look at some descriptive statistics we computed on the whole sample: the diffusion index hit a maximum of 48.5 in October 2004; it reached a minimum of -30.3 in January 2009; it was equal on average to 19.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-30 | 27.0 |
| 2026-07-31 | 25.9 |
| 2026-08-31 | 25.9 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will capital expenditures increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading 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) |
Series in the same data set
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