Texas Manufacturing Outlook Survey: New orders: Future (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 future increase minus share forecasting a decrease) was 31.4 in April 2026, compared to 29.2 in the previous month.
Sample. There are 263 records overall in the monthly time series presented in the figure above. The series covers the span of time going from June 2004 to April 2026.
History. Here’s a quick look at a few summary statistics we computed on the full sample: the diffusion index had an average value of 33.4; it hit a minimum of -20.9 in March 2020; it attained a maximum of 68.0 in November 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-28 | 25.0 |
| 2026-03-31 | 29.2 |
| 2026-04-30 | 31.4 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will new orders 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 | 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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