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. According to survey data about manufacturers based in Texas, the seasonally adjusted diffusion index for company outlook (share of CEOs seeing a future improvement minus share reporting a worsening) stood at 25.7 in February 2026, compared to 23.2 in the previous month.
Sample. In this monthly series, there are 261 records. The series covers the span of time extending from June 2004 to February 2026.
History. Take a look at some statistics we computed on the full sample: the diffusion index attained a maximum of 60.4 in November 2004; it reached its lowest level of -41.2 in April 2020; it averaged 18.3.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | 16.9 |
| 2026-01-31 | 23.2 |
| 2026-02-28 | 25.7 |
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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) |
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