Texas Manufacturing Outlook Survey: Inventories: Current (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 survey data about manufacturers based in Texas, the seasonally adjusted diffusion index for inventories (share of CEOs seeing a recent increase minus share reporting a decrease) was 8.9 in February 2026, compared to -12.2 in January 2026.
Sample. There are 261 records overall in the monthly series displayed in the graph above. The series covers the time range stretching from June 2004 to February 2026.
History. Here’s a quick look at a few simple statistics computed on the full sample: the diffusion index was equal on average to -3.3; it registered a minimum of -29.7 in July 2009; it recorded its highest level of 21.6 in October 2006.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | -13.5 |
| 2026-01-31 | -12.2 |
| 2026-02-28 | 8.9 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did finished goods inventories 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 | 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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