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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally adjusted diffusion index for inventories (share of CEOs seeing a recent increase minus share reporting a decrease) was -11.0 in October 2025, compared to -9.7 in September 2025.
Sample. The monthly series displayed in the graph has 257 records overall. The series covers the time period going from June 2004 to October 2025.
History. Have a look at some statistics calculated on the entire sample: the diffusion index reached a trough of -29.7 in July 2009; it hit a maximum of 21.6 in October 2006; it had an average value of -3.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 3.8 |
| 2025-09-30 | -9.7 |
| 2025-10-31 | -11.0 |
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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) |