Texas Manufacturing Outlook Survey: Company outlook: Current (improvement vs worsening; 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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally adjusted diffusion index for company outlook (share of CEOs seeing a recent improvement minus share reporting a worsening) stood at -0.3 in October 2025, compared to -1.0 in September 2025.
Sample. The monthly series presented in the chart has 257 observations overall. The series covers the time range going from June 2004 to October 2025.
History. Here's a peek at a few summary statistics we computed on the entire sample: the diffusion index reached its minimum of -66.6 in March 2020; it reached a maximum of 48.0 in June 2004; it had an average value of 4.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 3.3 |
| 2025-09-30 | -1.0 |
| 2025-10-31 | -0.3 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did the outlook of your company improve or worsen 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 | 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) |