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 firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally unadjusted diffusion index for company outlook (share of CEOs seeing a recent improvement minus share reporting a worsening) stood at -7.1 in November 2025, compared to -6.8 in October 2025.
Sample. There are 257 data points overall in the monthly time series presented in the graph above. The series covers the time span going from June 2004 to November 2025.
History. Here's a snapshot of a few simple statistics we computed on the whole sample: the diffusion index peaked at 48.1 in June 2004; it reached its lowest level of -60.5 in March 2020; it had a mean of 4.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | -4.1 |
| 2025-10-31 | -6.8 |
| 2025-11-30 | -7.1 |
Hint. 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) |
Series in the same data set
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