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 a sample of manufacturing firms surveyd by the FED, the seasonally unadjusted diffusion index for general business activity (share of CEOs seeing a recent increase minus share reporting a decrease) was -11.1 in October 2025, compared to -12.7 in the previous month.
Sample. In this monthly series, there are a total of 256 records. The series covers the span of time stretching from June 2004 to October 2025.
History. Here's a snapshot of some simple statistics computed on the full sample: the diffusion index was equal on average to 0.2; it achieved a maximum of 48.7 in June 2004; it reached a minimum of -68.5 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | -4.9 |
| 2025-09-30 | -12.7 |
| 2025-10-31 | -11.1 |
Tip. To simplify complex analyses, we group time series into worksheets and datasets. By moving down the page, you will find how we structured further material related to the statistics published here.
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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) |