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 collected by the Federal Reserve 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 12.8 in February 2026, compared to -1.2 in January.
Sample. There are 260 observations overall in the monthly time series shown in the graph above. The time period covered by the series is from June 2004 to February 2026.
History. Take a look at a few summary statistics calculated on the whole sample: the diffusion index hit a peak of 36.8 in April 2021; it recorded a bottom of -58.8 in April 2020; it averaged -1.3.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | -22.9 |
| 2026-01-31 | -1.2 |
| 2026-02-28 | 12.8 |
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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
Discover the other time series included in this data set.