Texas Manufacturing Outlook Survey: Growth rate of orders: Future (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 recent survey data about manufacturing firms in Texas, the seasonally adjusted diffusion index for the growth rate of orders (share of CEOs seeing a future increase minus share reporting a decrease) stood at 24.4 in April 2026, versus 17.5 in March.
Sample. There are 263 observations overall in the monthly series presented in the plot above. The series covers the period extending from June 2004 to April 2026.
History. Here's a snapshot of some summary statistics calculated on the entire sample: the diffusion index achieved a maximum of 54.8 in September 2004; it hit a minimum of -21.4 in March 2020; it had an average value of 24.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-28 | 14.5 |
| 2026-03-31 | 17.5 |
| 2026-04-30 | 24.4 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will the growth rate of orders increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading 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) |
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