Texas Manufacturing Outlook Survey: Production: Current (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. Based on firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally unadjusted diffusion index for production (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 1.6 in July 2026, versus 7.9 in June.
Sample. In the monthly time series shown in the figure, there are a total of 265 observations. The time span covered by the series extends from June 2004 to July 2026.
History. Here's a snapshot of a few statistics computed on the entire sample: the diffusion index was equal on average to 9.5; it hit a maximum of 61.8 in March 2021; it reached a trough of -49.1 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-31 | 18.6 |
| 2026-06-30 | 7.9 |
| 2026-07-31 | 1.6 |
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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 | 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) |
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