Texas Manufacturing Outlook Survey: Capital expenditures: Future (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 future increase minus share forecasting a decrease) was 23.0 in October 2026, versus 22.8 in September 2026.
Sample. The monthly time series plotted above has 269 observations. The time period covered by the series goes from June 2004 to October 2026.
History. Check out some summary statistics computed on the full sample: the diffusion index registered a minimum of -27.7 in January 2009; it reached its maximum of 49.2 in October 2004; it was equal on average to 19.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 24.2000 |
| 2026-09-30 | 22.8000 |
| 2026-10-31 | 23.0000 |
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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 | 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.