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) was -2.9 in May 2026, compared to 8.5 in April 2026.
Sample. There are 264 observations overall in the monthly time series presented in the figure above. The series covers the time span extending from June 2004 to May 2026.
History. Take a look at some statistics calculated on the full sample: the diffusion index had an average value of -1.1; it recorded a minimum of -65.0 in April 2020; it reached a maximum of 30.6 in April 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-31 | 2.2 |
| 2026-04-30 | 8.5 |
| 2026-05-31 | -2.9 |
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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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