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 -6.9 in October 2025, compared to -4.2 in September 2025.
Sample. The monthly time series presented in the chart has 256 records. The period covered by the series stretches from June 2004 to October 2025.
History. Here are some simple statistics calculated on the entire sample: the diffusion index was equal on average to 4.5; it hit a peak of 49.1 in April 2021; it hit a minimum of -62.3 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 3.7 |
| 2025-09-30 | -4.2 |
| 2025-10-31 | -6.9 |
Heads-up. A plus of our web site is that we provide well-crafted metadata. Find it below to learn more about the characteristics of the indicators that you analyze.
Not for investment purposes. Data provided on this web site are not intended for investment purposes or other financial decisions. Users should seek expert advice and perform independent analysis before taking any financial risk.
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) |