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 based in Texas, the seasonally unadjusted diffusion index for company outlook (share of CEOs seeing a recent improvement minus share reporting a worsening) was 6.2 in January 2026, versus -12.1 in December 2025.
Sample. There are 259 observations in the monthly series presented in the chart above. The time range covered by the series stretches from June 2004 to January 2026.
History. Here are some statistics computed on the whole sample: the diffusion index achieved a maximum of 48.1 in June 2004; it hit a minimum of -60.5 in March 2020; it was equal on average to 3.9.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | -7.1 |
| 2025-12-31 | -12.1 |
| 2026-01-31 | 6.2 |
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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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