Texas Manufacturing Outlook Survey: Company outlook: Future (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 future improvement minus share reporting a worsening) was 28.8 in October 2026, versus 26.3 in the previous month.
Sample. There are 269 records in the monthly series displayed in the plot above. The time period covered by the series is from June 2004 to October 2026.
History. Here’s a quick look at some simple statistics we calculated on the full sample: the diffusion index reached its maximum of 62.8 in November 2004; it reached a minimum of -38.6 in April 2020; it was equal on average to 18.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 30.7000 |
| 2026-09-30 | 26.3000 |
| 2026-10-31 | 28.8000 |
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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 | 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) |
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