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 survey data about manufacturers based in Texas, the seasonally adjusted diffusion index for general business activity (share of CEOs seeing a future increase minus share forecasting a decrease) was 38.1 in October 2026, compared to 20.8 in the previous month.
Sample. There are 269 records overall in the monthly time series shown in the graph above. The series covers the span of time stretching from June 2004 to October 2026.
History. Here's a peek at a few simple statistics calculated on the entire sample: the diffusion index had a mean of 12.6; it reached its highest level of 54.1 in August 2004; it registered a minimum of -48.1 in November 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 37.2000 |
| 2026-09-30 | 20.8000 |
| 2026-10-31 | 38.1000 |
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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.