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 a sample of manufacturing firms surveyd by the FED, the seasonally unadjusted diffusion index for company outlook (share of CEOs seeing a future improvement minus share reporting a worsening) stood at 17.4 in April 2026, compared to 18.7 in March.
Sample. There are 262 observations in the monthly series presented in the graph above. The series covers the period extending from June 2004 to April 2026.
History. Here are a few summary statistics computed on the full sample: the diffusion index hit a maximum of 62.8 in November 2004; it hit a minimum of -38.6 in April 2020; it had a mean value of 18.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-28 | 31.4 |
| 2026-03-31 | 18.7 |
| 2026-04-30 | 17.4 |
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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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