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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally adjusted diffusion index for inventories (share of CEOs seeing a future increase minus share forecasting a decrease) was -1.7 in July 2026, compared to -8.1 in June 2026.
Sample. There are 266 observations overall in the monthly series displayed in the graph above. The series covers the time period extending from June 2004 to July 2026.
History. Here's a peek at a few summary statistics we computed on the whole sample: the diffusion index had a mean value of -0.2; it reached its lowest level of -25.8 in October 2008; it hit a maximum of 24.5 in June 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-31 | -2.9 |
| 2026-06-30 | -8.1 |
| 2026-07-31 | -1.7 |
Tip. To make our users' life easier, we organize time series into worksheets and datasets. If you look below, you will discover how we structured further information related to the statistics provided here.
Not for investment purposes. Financial data accessible on FetchSeries are not intended for investment purposes or other financial decisions. Users should obtain professional advice and do independent analysis before taking any financial risk.
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.