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 8.6 in February 2026, versus -6.7 in January 2026.
Sample. There are 261 records overall in the monthly time series shown in the plot above. The time range covered by the series stretches from June 2004 to February 2026.
History. Here's a snapshot of some summary statistics calculated on the entire sample: the diffusion index recorded its highest level of 30.6 in April 2021; it reached its lowest level of -65.0 in April 2020; it had a mean of -1.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | -16.9 |
| 2026-01-31 | -6.7 |
| 2026-02-28 | 8.6 |
Hint. One of the pros of our web site is that we publish rich metadata. Check it below to delve deeper into the attributes of the series that you are exploring.
Not for investment purposes. Financial data accessible on FetchSeries are not intended for investment purposes or other financial decisions. Users should ask for expert advice and perform independent analysis before pledging money to any investment.
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) |
Series in the same data set
Discover the other time series included in this data set.