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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally adjusted diffusion index for general business activity (share of CEOs seeing a future increase minus share forecasting a decrease) was 14.1 in April 2026, compared to 10.6 in March 2026.
Sample. There are 263 records in the monthly time series displayed in the chart above. The series covers the span of time extending from June 2004 to April 2026.
History. Check out a few descriptive statistics we computed on the full sample: the diffusion index averaged 12.3; it attained a maximum of 54.1 in August 2004; it recorded a bottom of -48.1 in November 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-28 | 12.7 |
| 2026-03-31 | 10.6 |
| 2026-04-30 | 14.1 |
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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) |
Series in the same data set
Discover the other time series included in this data set.