Texas Manufacturing Outlook Survey: New orders: Current (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 survey data about manufacturers collected by the Federal Reserve in Texas, the seasonally adjusted diffusion index for new orders (share of CEOs seeing a recent increase minus share reporting a decrease) stood at -1.7 in October 2025, versus -2.6 in the previous month.
Sample. This monthly series has 257 observations overall. The series covers the time range going from June 2004 to October 2025.
History. Take a look at some descriptive statistics calculated on the full sample: the diffusion index had a mean of 4.7; it achieved a maximum of 38.6 in April 2021; it reached its minimum of -71.1 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 5.8 |
| 2025-09-30 | -2.6 |
| 2025-10-31 | -1.7 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did new orders 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 | 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) |