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 survey data about manufacturers based in Texas, the seasonally unadjusted diffusion index for new orders (share of CEOs seeing a future increase minus share forecasting a decrease) was 28.2 in May 2026, compared to 31.7 in the previous month.
Sample. The monthly series displayed in the plot has 263 data points. The series covers the time range going from June 2004 to May 2026.
History. Check out some summary statistics calculated on the whole sample: the diffusion index recorded its highest level of 70.0 in November 2004; it reached its lowest level of -19.6 in March 2020; it had a mean value of 33.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-31 | 30.7 |
| 2026-04-30 | 31.7 |
| 2026-05-31 | 28.2 |
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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 | 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
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