Texas Manufacturing Outlook Survey: New orders: Current (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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally unadjusted diffusion index for new orders (share of CEOs seeing a recent increase minus share reporting a decrease) was 13.9 in February 2026, compared to 15.8 in January 2026.
Sample. There are 260 observations in the monthly time series shown in the graph above. The series covers the time span going from June 2004 to February 2026.
History. Here’s a quick look at a few summary statistics we calculated on the whole sample: the diffusion index averaged 4.4; it reached its maximum of 49.1 in April 2021; it reached a minimum of -62.3 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | -18.9 |
| 2026-01-31 | 15.8 |
| 2026-02-28 | 13.9 |
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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 | 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) |
Series in the same data set
Discover the other time series included in this data set.