Texas Manufacturing Outlook Survey: General business activity: Future (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 recent survey data about manufacturing firms in Texas, the seasonally adjusted diffusion index for general business activity (share of CEOs seeing a future increase minus share forecasting a decrease) was 7.0 in October 2025, compared to 8.4 in September.
Sample. In the monthly time series presented in the plot, there are 257 data points in total. The time span covered by the series stretches from June 2004 to October 2025.
History. Here's a peek at some summary statistics computed on the entire sample: the diffusion index reached its highest level of 55.1 in August 2004; it registered a minimum of -47.6 in November 2008; it had a mean of 12.3.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 24.8 |
| 2025-09-30 | 8.4 |
| 2025-10-31 | 7.0 |
Nugget of wisdom. We organize time series into worksheets and datasets to simplify research. When you look below, you will find how we arranged further information linked to the statistics found here.
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will general business activity increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading 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) |