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. According to survey data about manufacturers collected by the Federal Reserve in Texas, the seasonally unadjusted diffusion index for company outlook (share of CEOs seeing a recent improvement minus share reporting a worsening) was 11.1 in October 2026, compared to 6.4 in the previous month.
Sample. There are 269 data points overall in the monthly series shown in the chart above. The span of time covered by the series extends from June 2004 to October 2026.
History. Here's a snapshot of a few descriptive statistics calculated on the full sample: the diffusion index had an average value of 4.2; it recorded a bottom of -60.5 in March 2020; it peaked at 48.1 in June 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 17.4000 |
| 2026-09-30 | 6.40000 |
| 2026-10-31 | 11.1000 |
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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
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