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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally unadjusted 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 the previous month.
Sample. This monthly time series has 257 records in total. The series covers the time span going from June 2004 to November 2025.
History. Here’s a quick look at a few statistics computed on the whole sample: the diffusion index reached a maximum of 21.6 in October 2006; it reached a trough of -29.7 in July 2009; it had an average value of -3.3.
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 | 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) |
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