Texas Manufacturing Outlook Survey: Growth rate of orders: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 unadjusted diffusion index for the growth rate of orders (share of CEOs seeing a recent increase minus share reporting a decrease) was -1.2 in January 2026, versus -22.9 in December 2025.
Sample. This monthly time series has 259 observations in total. The series covers the span of time extending from June 2004 to January 2026.
History. Here’s a quick look at a few simple statistics computed on the full sample: the diffusion index had a mean value of -1.4; it reached its highest level of 36.8 in April 2021; it registered a minimum of -58.8 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | -8.6 |
| 2025-12-31 | -22.9 |
| 2026-01-31 | -1.2 |
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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 | No |
| 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
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