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. According to survey data about manufacturers collected by the Federal Reserve in Texas, the seasonally adjusted diffusion index for general business activity (share of CEOs seeing a recent increase minus share reporting a decrease) stood at -10.4 in November 2025, compared to -5.0 in October.
Sample. This monthly series has 258 observations overall. The time period covered by the series goes from June 2004 to November 2025.
History. Here's a snapshot of some simple statistics we calculated on the entire sample: the diffusion index had a mean value of 0.3; it achieved a maximum of 47.9 in June 2004; it recorded a minimum of -74.4 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | -8.7 |
| 2025-10-31 | -5.0 |
| 2025-11-30 | -10.4 |
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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) |
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