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) was 3.8 in February 2026, unchanged with respect to the previous month.
Sample. This monthly series has 260 observations in total. The series covers the time range going from June 2004 to February 2026.
History. Have a look at a few simple statistics we calculated on the whole sample: the diffusion index averaged 0.1; it recorded its maximum of 48.7 in June 2004; it recorded a bottom of -68.5 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | -12.3 |
| 2026-01-31 | 3.8 |
| 2026-02-28 | 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) |
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