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. According to survey data about manufacturers collected by the Federal Reserve in Texas, the seasonally unadjusted diffusion index for production (share of CEOs seeing a recent increase minus share reporting a decrease) was 14.8 in January 2026, versus -16.2 in December 2025.
Sample. In the monthly time series displayed in the plot, there are 259 records. The time range covered by the series stretches from June 2004 to January 2026.
History. Here's a snapshot of some descriptive statistics we computed on the whole sample: the diffusion index was equal on average to 9.4; it reached its lowest level of -49.1 in April 2020; it reached its maximum of 61.8 in March 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 12.9 |
| 2025-12-31 | -16.2 |
| 2026-01-31 | 14.8 |
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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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