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 recent survey data about manufacturing firms 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) was -3.7 in October 2025, compared to -6.4 in the previous month.
Sample. There are 257 observations in the monthly series presented in the chart above. The time period covered by the series extends from June 2004 to October 2025.
History. Here's a peek at a few descriptive statistics calculated on the whole sample: the diffusion index was equal on average to -1.1; it reached its minimum of -65.1 in April 2020; it peaked at 29.6 in April 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 2.6 |
| 2025-09-30 | -6.4 |
| 2025-10-31 | -3.7 |
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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) |