Texas Manufacturing Outlook Survey: Shipments: 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 a sample of manufacturing firms surveyd by the FED, the seasonally unadjusted diffusion index for shipments (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 7.1 in November 2025, compared to 2.7 in October.
Sample. There are 257 data points overall in the monthly time series shown in the figure above. The series covers the time span going from June 2004 to November 2025.
History. Here's a glimpse of a few descriptive statistics calculated on the full sample: the diffusion index hit a trough of -51.3 in April 2020; it hit a peak of 52.1 in March 2006; it had a mean value of 7.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | 4.2 |
| 2025-10-31 | 2.7 |
| 2025-11-30 | 7.1 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did shipments 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) |
Series in the same data set
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