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. According to survey data about manufacturers based in Texas, the seasonally unadjusted diffusion index for general business activity (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 3.8 in January 2026, compared to -12.3 in December 2025.
Sample. There are 259 data points in the monthly series displayed in the figure above. The series covers the time range stretching from June 2004 to January 2026.
History. Check out some statistics we computed on the whole sample: the diffusion index hit a peak of 48.7 in June 2004; it reached its minimum of -68.5 in April 2020; it was equal on average to 0.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | -16.0 |
| 2025-12-31 | -12.3 |
| 2026-01-31 | 3.8 |
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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) |
Series in the same data set
Discover the other time series included in this data set.