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 recent survey data about manufacturing firms in Texas, the seasonally adjusted diffusion index for inventories (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 1.5 in July 2026, compared to 7.8 in June 2026.
Sample. There are 266 data points overall in the monthly time series shown in the graph above. The time span covered by the series extends from June 2004 to July 2026.
History. Here are some descriptive statistics calculated on the full sample: the diffusion index recorded a bottom of -29.7 in July 2009; it recorded its highest level of 21.6 in October 2006; it had a mean value of -3.3.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-31 | -12.0 |
| 2026-06-30 | 7.8 |
| 2026-07-31 | 1.5 |
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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) |
Series in the same data set
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