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 16.6 in January 2026, compared to 11.1 in December 2025.
Sample. In this monthly time series, there are 260 records overall. The series covers the time range extending from June 2004 to January 2026.
History. Check out some simple statistics calculated on the whole sample: the diffusion index was equal on average to 12.3; it hit a peak of 54.1 in August 2004; it hit a minimum of -48.1 in November 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 11.3 |
| 2025-12-31 | 11.1 |
| 2026-01-31 | 16.6 |
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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.