Texas Manufacturing Outlook Survey: Company outlook: Future (improvement vs worsening; diffusion index; percentage points; seasonally adjusted) - 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 adjusted diffusion index for company outlook (share of CEOs seeing a future improvement minus share reporting a worsening) stood at 16.2 in November 2025, compared to 7.1 in October.
Sample. The monthly time series presented in the graph has 258 data points in total. The series covers the time span going from June 2004 to November 2025.
History. Here’s a quick look at some descriptive statistics computed on the whole sample: the diffusion index had an average value of 18.2; it hit a minimum of -41.8 in April 2020; it attained a maximum of 60.2 in November 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | 11.7 |
| 2025-10-31 | 7.1 |
| 2025-11-30 | 16.2 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will the outlook of your company improve or worsen over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | Yes |
| 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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