Texas Manufacturing Outlook Survey: General business activity: Current (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 firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally adjusted diffusion index for general business activity (share of CEOs seeing a recent increase minus share reporting a decrease) was -5.0 in October 2025, compared to -8.7 in the previous month.
Sample. This monthly time series has a total of 257 data points. The period covered by the series stretches from June 2004 to October 2025.
History. Here are some descriptive statistics computed on the whole sample: the diffusion index averaged 0.3; it recorded its highest level of 47.9 in June 2004; it recorded a minimum of -74.4 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | -1.8 |
| 2025-09-30 | -8.7 |
| 2025-10-31 | -5.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did general business activity increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident 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) |