Texas Manufacturing Outlook Survey: General business activity: Current (increase vs decrease; 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 firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally unadjusted diffusion index for general business activity (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 3.0 in April 2026, compared to 5.1 in March.
Sample. There are 262 records overall in the monthly series presented in the graph above. The series covers the time range going from June 2004 to April 2026.
History. Here's a snapshot of a few simple statistics calculated on the entire sample: the diffusion index had a mean of 0.1; it reached its minimum of -68.5 in April 2020; it recorded its maximum of 48.7 in June 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-28 | 3.8 |
| 2026-03-31 | 5.1 |
| 2026-04-30 | 3.0 |
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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 | 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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