Texas Manufacturing Outlook Survey: Production: Current (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 collected by the Federal Reserve in Texas, the seasonally adjusted diffusion index for production (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 12.5 in February 2026, versus 11.2 in January.
Sample. The monthly series shown in the graph has 261 data points. The span of time covered by the series extends from June 2004 to February 2026.
History. Here's a snapshot of a few summary statistics calculated on the entire sample: the diffusion index was equal on average to 9.6; it hit a peak of 48.5 in March 2021; it hit a minimum of -55.1 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | -3.0 |
| 2026-01-31 | 11.2 |
| 2026-02-28 | 12.5 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did production increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident 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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