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) was -14.3 in November 2025, compared to -11.0 in October 2025.
Sample. This monthly time series has 258 records. The time period covered by the series stretches from June 2004 to November 2025.
History. Here's a snapshot of some simple statistics calculated on the entire sample: the diffusion index was equal on average to -3.3; it reached a maximum of 21.6 in October 2006; it reached a trough of -29.7 in July 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | -9.7 |
| 2025-10-31 | -11.0 |
| 2025-11-30 | -14.3 |
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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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