Texas Manufacturing Outlook Survey: Inventories: Future (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 future increase minus share forecasting a decrease) stood at 2.7 in February 2026, compared to 11.7 in January.
Sample. There are 260 observations overall in the monthly time series displayed in the plot above. The series covers the period stretching from June 2004 to February 2026.
History. Here's a glimpse of some summary statistics we computed on the full sample: the diffusion index was equal on average to -0.2; it registered a minimum of -25.8 in October 2008; it reached a maximum of 24.5 in June 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | 4.2 |
| 2026-01-31 | 11.7 |
| 2026-02-28 | 2.7 |
Suggestion. A plus of our data visualization and download service is that we provide complete metadata. Find it below to learn more about the attributes of the time series that you are exploring.
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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 | 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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