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. According to survey data about manufacturers collected by the Federal Reserve in Texas, the seasonally unadjusted diffusion index for company outlook (share of CEOs seeing a future improvement minus share reporting a worsening) stood at 18.3 in May 2026, compared to 17.4 in the previous month.
Sample. This monthly series has 263 records. The series covers the time range extending from June 2004 to May 2026.
History. Take a look at a few descriptive statistics calculated on the full sample: the diffusion index had an average value of 18.2; it attained a maximum of 62.8 in November 2004; it registered a minimum of -38.6 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-31 | 18.7 |
| 2026-04-30 | 17.4 |
| 2026-05-31 | 18.3 |
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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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