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 -6.3 in November 2025, versus -0.3 in October.
Sample. This monthly series has a total of 258 data points. The span of time covered by the series stretches from June 2004 to November 2025.
History. Here's a glimpse of some summary statistics calculated on the full sample: the diffusion index had a mean value of 4.2; it recorded a maximum of 48.0 in June 2004; it reached its lowest level of -66.6 in March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | -1.0 |
| 2025-10-31 | -0.3 |
| 2025-11-30 | -6.3 |
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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) |
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