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 recent survey data about manufacturing firms in Texas, the seasonally unadjusted diffusion index for company outlook (share of CEOs seeing a recent improvement minus share reporting a worsening) stood at 6.4 in February 2026, versus 6.2 in January 2026.
Sample. There are 260 records in the monthly series presented in the figure above. The span of time covered by the series stretches from June 2004 to February 2026.
History. Here's a snapshot of some statistics calculated on the entire sample: the diffusion index reached its highest level of 48.1 in June 2004; it reached its minimum of -60.5 in March 2020; it averaged 4.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | -12.1 |
| 2026-01-31 | 6.2 |
| 2026-02-28 | 6.4 |
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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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