Texas Manufacturing Outlook Survey: Inventories: Future (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 future increase minus share forecasting a decrease) stood at -2.9 in May 2026, compared to 4.9 in April 2026.
Sample. The monthly series presented in the graph has 264 data points in total. The series covers the period extending from June 2004 to May 2026.
History. Have a look at a few summary statistics computed on the whole sample: the diffusion index hit a peak of 24.5 in June 2021; it reached its lowest level of -25.8 in October 2008; it averaged -0.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-31 | 4.1 |
| 2026-04-30 | 4.9 |
| 2026-05-31 | -2.9 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will finished goods inventories increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading 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
Discover the other time series included in this data set.