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) was 16.5 in May 2026, compared to 15.6 in April.
Sample. This monthly time series has 264 observations. The time span covered by the series goes from June 2004 to May 2026.
History. Here's a peek at a few descriptive statistics calculated on the entire sample: the diffusion index reached a minimum of -41.2 in April 2020; it attained a maximum of 60.4 in November 2004; it was equal on average to 18.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-31 | 18.2 |
| 2026-04-30 | 15.6 |
| 2026-05-31 | 16.5 |
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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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