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 32.0 in January 2026, compared to 29.6 in December 2025.
Sample. There are 260 data points in the monthly time series shown in the plot above. The span of time covered by the series extends from June 2004 to January 2026.
History. Check out a few summary statistics we computed on the entire sample: the diffusion index hit a peak of 68.0 in November 2004; it reached a trough of -20.9 in March 2020; it had a mean of 33.5.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 38.3 |
| 2025-12-31 | 29.6 |
| 2026-01-31 | 32.0 |
Hint. One of the pros of our data visualization and download service is that we provide accurate metadata. Check it below to gain insights on the characteristics of the time series that you are exploring.
Not for investment purposes. Data series and other information available on this web site are not intended for investment purposes or as a basis for financial-decision making. Users should obtain expert advice and perform independent analysis before pledging money to any investment.
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) |
Series in the same data set
Discover the other time series included in this data set.