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) stood at -6.8 in October 2025, versus -4.1 in September 2025.
Sample. There are 256 data points overall in the monthly time series shown in the figure above. The time period covered by the series stretches from June 2004 to October 2025.
History. Have a look at some summary statistics calculated on the full sample: the diffusion index reached a trough of -60.5 in March 2020; it recorded a maximum of 48.1 in June 2004; it was equal on average to 4.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 0.0 |
| 2025-09-30 | -4.1 |
| 2025-10-31 | -6.8 |
Tip. We group time series into worksheets and datasets to simplify research. By scrolling down, you will find how we structured further information related to the statistics found here.
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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) |