Texas Manufacturing Outlook Survey: New orders: Future (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. According to recent survey data about manufacturing firms in Texas, the seasonally unadjusted diffusion index for new orders (share of CEOs seeing a future increase minus share forecasting a decrease) was 14.7 in October 2025, compared to 30.9 in September 2025.
Sample. There are 256 data points overall in the monthly time series shown in the chart above. The series covers the time range stretching from June 2004 to October 2025.
History. Here's a glimpse of some statistics we calculated on the whole sample: the diffusion index had a mean value of 33.3; it hit a peak of 70.0 in November 2004; it recorded a bottom of -19.6 in March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 28.9 |
| 2025-09-30 | 30.9 |
| 2025-10-31 | 14.7 |
Nugget of wisdom. One of the pluses of using FetchSeries is that we give you complete metadata. Check it below to delve deeper into the properties of the indicators that you use in your research.
Not for investment purposes. Content distributed on FetchSeries is not suitable for investment purposes or as a basis for making financial decisions. Users should consult expert advice and perform their own independent due diligence before taking any financial risk.
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 | 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) |