Texas Manufacturing Outlook Survey: Growth rate of orders: Current (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 collected by the Federal Reserve in Texas, the seasonally adjusted diffusion index for the growth rate of orders (share of CEOs seeing a recent increase minus share reporting a decrease) stood at -1.3 in November 2025, compared to -3.7 in October 2025.
Sample. There are 258 data points overall in the monthly series displayed in the graph above. The span of time covered by the series extends from June 2004 to November 2025.
History. Take a look at some statistics computed on the entire sample: the diffusion index hit a maximum of 29.6 in April 2021; it reached a minimum of -65.1 in April 2020; it was equal on average to -1.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | -6.4 |
| 2025-10-31 | -3.7 |
| 2025-11-30 | -1.3 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did the growth rate of orders 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 | 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) |
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