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 recent survey data about manufacturing firms 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) stood at -8.6 in November 2025, compared to -10.9 in the previous month.
Sample. There are 257 observations overall in the monthly time series presented in the figure above. The series covers the time range extending from June 2004 to November 2025.
History. Here's a glimpse of a few statistics computed on the entire sample: the diffusion index reached a trough of -58.8 in April 2020; it reached its maximum of 36.8 in April 2021; it had a mean of -1.3.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | -8.5 |
| 2025-10-31 | -10.9 |
| 2025-11-30 | -8.6 |
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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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