Texas Manufacturing Outlook Survey: Number of employees: 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 survey data about manufacturers based in Texas, the seasonally adjusted diffusion index for the number of employees (share of CEOs seeing a future increase minus share forecasting a decrease) was 31.5 in October 2026, compared to 18.1 in the previous month.
Sample. In the monthly series plotted above, there are 269 records. The series covers the time range extending from June 2004 to October 2026.
History. Here's a glimpse of a few summary statistics we computed on the full sample: the diffusion index reached its highest level of 52.1 in January 2022; it reached a minimum of -28.9 in January 2009; it had a mean value of 22.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 34.5000 |
| 2026-09-30 | 18.1000 |
| 2026-10-31 | 31.5000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will the number of employees 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.