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 survey data about manufacturers based in Texas, the seasonally unadjusted diffusion index for inventories (share of CEOs seeing a recent increase minus share reporting a decrease) stood at -11.0 in October 2025, compared to -9.7 in September 2025.
Sample. There are 256 observations in the monthly time series presented in the chart above. The series covers the period extending from June 2004 to October 2025.
History. Check out a few statistics we computed on the whole sample: the diffusion index had a mean of -3.2; it attained a maximum of 21.6 in October 2006; it recorded a minimum of -29.7 in July 2009.
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 | 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) |