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 recent survey data about manufacturing firms in Texas, the seasonally adjusted diffusion index for new orders (share of CEOs seeing a recent increase minus share reporting a decrease) was 11.1 in February 2026, compared to 11.8 in January.
Sample. The monthly series shown in the graph has 261 data points. The series covers the time period extending from June 2004 to February 2026.
History. Here’s a quick look at some descriptive statistics calculated on the whole sample: the diffusion index hit a trough of -70.9 in April 2020; it recorded its maximum of 39.9 in April 2021; it had an average value of 4.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | -6.6 |
| 2026-01-31 | 11.8 |
| 2026-02-28 | 11.1 |
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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) |
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