Texas Manufacturing Outlook Survey: Growth rate of orders: Future (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 future increase minus share reporting a decrease) was 20.8 in February 2026, compared to 30.7 in January 2026.
Sample. In the monthly series displayed in the plot, there are 260 data points. The series covers the period stretching from June 2004 to February 2026.
History. Check out some simple statistics computed on the entire sample: the diffusion index had a mean of 24.6; it recorded a maximum of 53.7 in January 2017; it recorded a minimum of -19.5 in March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | 31.0 |
| 2026-01-31 | 30.7 |
| 2026-02-28 | 20.8 |
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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 | 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.