Texas Manufacturing Outlook Survey: Delivery times: Future (increase vs decrease; 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 a sample of manufacturing firms surveyd by the FED, the seasonally adjusted diffusion index for delivery times (share of CEOs seeing a future increase minus share forecasting a decrease) stood at -1.4 in October 2025, compared to -0.8 in September.
Sample. There are 257 data points in the monthly time series shown in the graph above. The period covered by the series goes from June 2004 to October 2025.
History. Here are a few descriptive statistics calculated on the full sample: the diffusion index recorded a bottom of -25.9 in February 2009; it reached its highest level of 14.4 in May 2018; it had a mean of -1.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | -1.9 |
| 2025-09-30 | -0.8 |
| 2025-10-31 | -1.4 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will delivery times increase or decrease 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) |