Texas Manufacturing Outlook Survey: Inventories: Current (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. According to recent survey data about manufacturing firms in Texas, the seasonally unadjusted diffusion index for inventories (share of CEOs seeing a recent increase minus share reporting a decrease) was -12.2 in January 2026, compared to -13.5 in December 2025.
Sample. There are 259 records in the monthly time series shown in the graph above. The series covers the time span stretching from June 2004 to January 2026.
History. Here are some simple statistics computed on the entire sample: the diffusion index had a mean of -3.4; it achieved a maximum of 21.6 in October 2006; it recorded a bottom of -29.7 in July 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | -14.3 |
| 2025-12-31 | -13.5 |
| 2026-01-31 | -12.2 |
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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 | 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
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