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. According to survey data about manufacturers based in Texas, the seasonally adjusted diffusion index for company outlook (share of CEOs seeing a recent improvement minus share reporting a worsening) was 3.1 in February 2026, versus 2.9 in January 2026.
Sample. There are 261 data points overall in the monthly time series presented in the graph above. The series covers the time period stretching from June 2004 to February 2026.
History. Here's a peek at a few descriptive statistics calculated on the whole sample: the diffusion index recorded a bottom of -65.2 in March 2020; it recorded a maximum of 48.2 in June 2004; it was equal on average to 4.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | -12.3 |
| 2026-01-31 | 2.9 |
| 2026-02-28 | 3.1 |
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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) |
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