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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally unadjusted diffusion index for the growth rate of orders (share of CEOs seeing a recent increase minus share reporting a decrease) was -10.9 in October 2025, compared to -8.5 in the previous month.
Sample. In this monthly series, there are 256 observations. The period covered by the series stretches from June 2004 to October 2025.
History. Have a look at a few statistics computed on the entire sample: the diffusion index had a mean of -1.3; it recorded its highest level of 36.8 in April 2021; it reached its lowest level of -58.8 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | -1.2 |
| 2025-09-30 | -8.5 |
| 2025-10-31 | -10.9 |
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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 | 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) |