Texas Manufacturing Outlook Survey: Company outlook: Current (improvement vs worsening; 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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally unadjusted diffusion index for company outlook (share of CEOs seeing a recent improvement minus share reporting a worsening) was 2.7 in May 2026, compared to 7.5 in the previous month.
Sample. The monthly time series displayed in the graph has a total of 263 records. The series covers the period extending from June 2004 to May 2026.
History. Take a look at a few descriptive statistics we computed on the full sample: the diffusion index had a mean of 4.0; it reached its lowest level of -60.5 in March 2020; it reached its maximum of 48.1 in June 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-31 | 2.5 |
| 2026-04-30 | 7.5 |
| 2026-05-31 | 2.7 |
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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 | 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.