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) stood at 2.9 in January 2026, versus -12.3 in December 2025.
Sample. In the monthly series plotted above, there are 260 observations overall. The series covers the span of time stretching from June 2004 to January 2026.
History. Here's a glimpse of some descriptive statistics computed on the entire sample: the diffusion index had an average value of 4.1; it hit a minimum of -65.2 in March 2020; it reached its maximum of 48.2 in June 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | -6.5 |
| 2025-12-31 | -12.3 |
| 2026-01-31 | 2.9 |
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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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